Russian currency has increased its losses, reducing by 7 percent as the economy shows the first signs of recession.The ruble, which has been one of the world's drub accomplishing currencies this year, traded at 57 rubles on Monday morning, mopping off some of the gains it made last week. The ruble's fall came as the Economic Development Ministry provided a report showing the economy reducing by 0.5 percent year on year in November. This is the first time Russia's GDP has shown signs of recession since 2009. Russia's monetary officials in the last weeks announced a number of measures to sustain the ruble, which has been strike by lower oil prices and the penalty inflicted on Russia. But the five-day rally in the ruble closed on Friday.
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