The Russian rouble weakened beyond the 110 mark to the U.S. dollar on Wednesday, a threshold that some analysts believe could prompt authorities to take action to support the currency, which has fallen by more than 24% since early August.

MOSCOW: The Russian rouble rebounded on Thursday from a more than 7% slide against the US dollar in the previous session after the central bank said it would stop buying foreign currency to stabilise financial markets.

Currency falls beyond 110 to the US dollar for first time since just after Ukraine invasion, Russian state media report.

The Russian rouble weakened further against the U.S. dollar and China's yuan on Wednesday and is down by over 24% since early August, when it started the current slide.

MOSCOW: The Russian rouble weakened beyond the 110 mark to the US dollar on Wednesday, a threshold that some analysts believe could prompt authorities to take action to support the currency, which has fallen by more than 24% since early August.

The Russian rouble has depreciated beyond 110 per U.S. dollar, sparking concerns over inflation and potential government intervention. Analysts predict further devaluation, fueled by foreign trade sanctions and economic instability.

Economists suspect a sudden collapse of the Russian rouble could be imminent due to rising import costs and foreign exchange panic.

The Russian rouble has fallen to its lowest level since the start of the war in Ukraine as a fresh round of sanctions hammer the currency.

The Russian rouble fell beyond 110 to the U.S. dollar, sparking concerns of economic instability. Analysts predict further decline, prompting calls for governmental intervention. Sanctions and market volatility exacerbate the situation,

The Russian rouble continued to slide, dropping to its lowest since March 2022 against both the dollar and the yuan, and the finance minister indicated the government did not object to the currency's weakness,