The CEO of Russia's biggest bank says the ruble is 'unjustifiably undervalued,' but Putin has downplayed the ruble's weakness

The CEO of Russia's biggest bank says the ruble is 'unjustifiably undervalued,' but Putin has downplayed the ruble's weakness

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None Sberbank CEO Herman Gref said the Russian currency should be trading at 80 to 85 rubles to the US dollar. • None The ruble is now trading around 96.5 to the dollar. The currency has fallen nearly 30% so far this year. • None But on Tuesday, Russian President Putin tried to project an image of…

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