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MOSCOW, Oct 18 - The rouble firmed towards 97 against the dollar on Wednesday as oil prices jumped to a more than two-week high, with the Russian currency trading in the 97-98 range it settled in after Moscow imposed capital controls last week to defend it.
Since Monday, 43 groups of exporting firms were required to deposit no less than 80% of foreign currency earnings with Russian banks and then sell at least 90% of those proceeds on the domestic market within two weeks, the government said last week. The Bank of Russia hiked its key interest rate to 13% in September, following an emergency 350-basis-point hike in August as the rouble tumbled past the 100 threshold to the dollar.
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