The dollar and euro have bounced back with a vengeance from their mid-afternoon dip caused by Central Bank interventions to try and halt the ruble's freefall.

The dollar was up 4.92 kopecks from previous closing to 63.10 rubles/$1 by 0653 p.m. on the Moscow Exchange and the euro was up 6.38 kopecks to 78.66 rubles/$1.