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Russia's Central Bank to launch market manipulation probe

11:40 01/10/2014

MOSCOW, October 1 (RAPSI) – Russia's Central Bank will conduct a probe into attempted market manipulation after allegations about capital outflow restrictions, ITAR-TASS agency reports on Wednesday, citing the press service of the bank.

Bloomberg, citing an unidentified source in Russia's Central Bank, reported on September 30 about the possible introduction of temporary capital controls if the flow of money out of the country intensified.

The report caused a panic on the currency exchange, followed by increased purchasing of USD. The ruble weakened to a record low, and the Central Bank stepped in to support the currency.

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Russia's Central Bank to launch market manipulation probe

11:40 01/10/2014 Russia's Central Bank will conduct a probe into attempted market manipulation after allegations about capital outflow restrictions.
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