The ruble dropped 0.8 percent to 37.2 rubles against a basket of dollars and euros in morning trading on the MICEX currency exchange. Best Forex Platform - That Choice Depends on Your Goals and Your Preferences Since trades in currency have. It was down 0.3 rubles against the euro, to 42.7, and down 0.1 rubles to 32.8 against the dollar, nearly 30 percent lower than August highs.Russia's currency has lost about a fifth of its value against the dollar-euro basket since November as the Central Bank -- which controls the value of the ruble by setting a trading band -- has pursued a gradual devaluation policy.Russia's currency recovered some of its recent losses on and bouncing back against the dollar and the euro, but some analysts said that rally was sparked by tax payments coming due, forcing companies to sell foreign currency.The Central Bank has been spending billions of dollars of its foreign exchange reserves to shore up the flagging ruble ever since oil prices began their downward slide.Russia's foreign currency and gold reserves dropped a massive $30 billion to $396.2 billion in the week ending Jan.

MOSCOW -- The ruble resumed its fall morning after a two-day break of substantial gains, as low oil prices and fears for the economy weighed once again on the volatile Russian national currency.