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    Dollar rate increases in Turkey and Russia

    The reason for this was Turkey shot down a Russian jet near Syrian border

    Baku. 24 November. REPORT.AZ/ European stocks dropped with Russian equities, while Turkey’s lira weakened after the country said it shot down a Russian jet near the Syrian border.

    At the moment, RTS which is Russia's main stock index fell by 4% down to 860 points compared to yesterday. In Russia, the dollar rose by 0.5% in the last one day up to 66.5 RUB/USD.

    Report informs Turkey's main stock index BIST-100 fell by 1.4% up to 78 600 level, in currency markets US dollar rose by 1% in comparison with yesterday and reached 2.88 TRY/USD.

    According to experts if this incident will not be repeated, the negative impact would be temporary.Otherwise, the continuation of the conflict could have a significant impact on financial markets of both countries.

    At present, Russia's official statement on the incident is expected.

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