Boards displaying currency exchange rates are on display in central Moscow, August 29, 2014. REUTERS/Grigory Dukor
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The ruble slid to a record against the dollar for a second day and stocks fell as the threat that Russia will face tougher sanctions amid intensified fighting in Ukraine outweighed negotiations to end the conflict. The currency retreated 0.3 percent to 37.2505 per dollar at 6 p.m. in Moscow, after weakening earlier to as low as 37.51 . The yield on 10-year Russian local-currency securities climbed three basis points to 9.83 percent. Trading in ruble options indicates a 60 percent chance the currency will touch 40 per the dollar over the next six months, according to data compiled by Bloomberg.The ruble has retreated 12 percent against the dollar this year, the most among 24 developing countries monitored by Bloomberg after the Argentine peso.
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