Russian ruble hits record low as sanctions loom

 MOSCOW, Sept 11 (AFP): The Russian ruble slumped to another record low against the dollar on Thursday as the European Union prepared to hit Moscow with harsher sanctions over the Ukraine crisis.
The ruble weakened to 37.57 against the dollar at about 1135 GMT, a new record after hitting 37.51 on September 1.
The ruble also weakened against the euro to 48.50 rubles, but stayed above the five-month low of 49.0903 hit at the start of the month.
The Moscow stock markets fell, with the ruble-denominated Micex down 0.33 per cent and the dollar-denominated RTS down 0.86 per cent.