Extending last week's downtrend, the Russian currency plunged further against the US dollar in New York deals on Monday. The ruble slipped to a new multi-day low of 31.8845 versus the greenback by about 1:55 pm ET, which may be compared to Friday's close of 31.6605.

The Russian central bank had reduced its interest rates by 25 basis points to 10.75% from 11% on last Friday.

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