The petro-currency is down by 0.4% at 57.4433 as of 9:51 a.m. ET after earlier being down by about 0.7%.
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The Russian ruble is dipping
The Russian ruble is down on Monday.
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Data released earlier showed that Russian PPI for February rose by 0.8% month-over-month, compared to the previous month's reading of 3.3%, and by 15.1% year-over-year, compared to the prior reading of 12.7%.
Looking further ahead in the week, the Central Bank of Russia is meeting on Friday. The interest rate decision "will be a close call, but we think it is most likely that the recent decline in inflation will prompt the Board to cut the one-week repo rate by 50 basis points to 9.50%," Capital Economics' William Jackson wrote in a note.
As for the rest of the world, here's the scoreboard as of 9:54 a.m. ET:
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