Signs advertising currencies light next to the exchange office in Moscow, Russia, Monday, Dec. 15, 2014. The price of crude oil continued to drop Monday, and Russia's ruble plunged to a record low against the dollar. The ruble crashed through 60 to the dollar, trading at 60.33 by early afternoon.(AP Photo/Pavel Golovkin) (The Associated Press)
MOSCOW – A massive overnight rate hike by Russia's Central Bank has pushed the ruble 9 percent higher in early trading.