According to official figures from the central bank, the value of the dollar rose from 54.79 rubles on Friday to 56.89 rubles on Saturday, while the euro rose from Friday's 68.29 rubles to 70.53 rubles for Saturday. The value of its currency basket, which measures the ruble against 55 cents of the dollar and 45 eurocents, rose to 63.03 on Saturday, from Friday's 60.87.
The fall comes despite a rise in the key interest rate from 9.5% to 10.5%, which was announced by the bank in a statement on Thursday. The bank added that that the yearly inflation rate of consumer prices was 9.4% on December 8, while base inflation in November rose to 8.9%. "The bank's decision is intended to secure a slowing in the growth of consumer prices to the level of 4.8% in the medium term," it declared, adding that it is ready to continue increasing the rate in the event of the further intensification of inflationary risks.