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- Central bank raises key rate to 20% from 9.5%
- Moved aimed at addressing rouble, inflation
- Russia tells companies to be ready to sell FX
Feb 28 (Reuters) – The Russian central bank raised its key interest rate to 20% from 9.5% on Monday in an emergency move, and authorities told export-focused companies to be ready to sell foreign currency as the rouble tumbled to record lows.
The rouble hit a