Russia plans new measures to stabilise the rouble
 Tbilisi 10:58 - 18.12.14 «GHN»
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Russia is planning new measures to stabilise the rouble to try to stem its recent slump against the dollar, reports GHN based on BBC.
Its central bank said, if necessary, it would provide additional capital to Russia's banks and financial companies.
The rouble has regained ground from Tuesday's all-time low, although trading remains edgy and volatile.
The announcement left the currency 10% higher against the dollar. One US dollar bought 62 roubles, far fewer than the record low of 79 on Tuesday.
Russia also said it would hold more foreign exchange auctions if needed.
"These measures are intended to balance supply and demand on the foreign exchange market, which will help stabilise the rouble rate more quickly," said the Russian central bank's first deputy governor, Ksenia Yudayeva
The rouble has been hit by worries over the Russian economy, which has been affected by cheaper oil and sanctions.
A drastic 6.5 percentage point rise in Russian interest rates to 17% early on Tuesday failed to halt the slide in the currency.
The rate rise, which was meant to strengthen the rouble, helped it to hit 58 to the dollar early on Tuesday but the rate then collapsed to a record low of 79.
As a result, Russia's Finance Ministry said that it was intervening in the market and that the currency was "undervalued".
It also gave details of the amount it spent on such action, saying it had spent almost $2bn on Monday in an attempt to stop the rouble slid


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