Foreign Exchange

Russian banks raise forex rates to record highs: Report


Russian banks raised dollar and euro exchange rates to record highs on Sunday amid the crisis in Ukraine, Dow Jones reported.

The wire service quoted one operator at an exchange office in Moscow as saying the office was only buying foreign currency, not selling.

, Russia's largest lender, raised the dollar to a record 38.5 roubles on Sunday, versus 35.89 at Friday's close, DJ said.

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