Rouble slips to its weakest

Russia's rouble sank to levels not seen since September on Tuesday, pressured by subdued oil prices and year-end profit-taking, with dealers saying a meaningful comeback is unlikely until January.In the past two weeks, the rouble has retraced two-thirds of an oil-fuelled rally dating back to September. Sentiment has also been bruised by Dubai debt woes, which have reduced investor appetite for emerging markets. The currency weakened as far as 36.97 versus the basket according to Reuters data, down 1.6 per cent on the day and at its weakest since mid-September. Against the dollar, the rouble weakened as far as 30.41 , easing beyond the psychological 30.00 mark for the first time in over two months. Non-deliverable forwards (NDFs), a barometer of market sentiment, showed the rouble at 32.24 in a year's time - almost 6 percent weaker from current levels and presenting their most bearish outlook on the exchange rate level in over two months.