Ruble Falls Fifth Day as Russia Efforts Damp Carry-Trade Appeal

The ruble weakened for a fifth day as Russian government and central bank efforts to stem the currency’s gain damped its carry-trade appeal.

Russia’s Surprise Rate Increase Fails to Stem Ruble Drop

The ruble tumbled the most since 2011 after a larger-than-forecast increase of Russia’s key interest rate failed to ease concern that the economy will remain hobbled by sanctions and capital flight.