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2008 August 26   13:15

Ruble slumps vs. dollar after Medvedev's announcement

About an hour and a half before the close of today's special dollar trading session for tomorrow deals, the high on deals reached 24.77 RUB/USD, which is RUB 0.19 higher than the official rate set by the Bank of Russia for the next day. The current developments on the domestic market can be attributed to the Russian President Dmitry Medvedev's announcement on the recognition of Abkhazia and South Ossetia's independence, RBC reports.

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