28 Aug 2012 21:08

Russia cuts forecast for ruble's 2012 average annual growth rate

MOSCOW. Aug 28 (Interfax) - The Russian Economic Development Ministry has downgraded its forecast for the annual average growth rate of the Russian ruble in 2012 from 29.2 rubles per $1 to 31.3 rubles per $1, Deputy Minister Andrei Klepach told reporters.

The forecast for 2013 has been downgraded from 29.7 rubles to 32.4 rubles per $1, for 2014, from 30.5 rubles to 33 rubles per $1, and for 2015, from 31.5 rubles to 33.7 rubles per $1