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08/27/1998 08:46:41 Russian shares drop on rouble fears

Фото автора: ACI RussiaACI Russia

MOSCOW, Aug 27 (Reuters) - Russia's shares market, where

trade is at a virtual standstill, nevertheless saw prices drop

sharply on Thursday after the central bank suspended rouble

trade against all currencies on the main exchange.

Reuters composite index <.RRC1> had dropped 6.22 percent to

54.63 at 0830 GMT, while the RTS-1-Interfax index <.IRTS> had

fallen 4.71 percent to 72.67, though reported turnover on the

Russian Trading System was $1 million after an hour of trade.

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