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08/26/1998 06:57:43 Russia rouble slips lower vs dlr on MICEX

MOSCOW, Aug 26 (Reuters) - The battered Russian rouble was

quoted on the Moscow Interbank Currency Exchange (MICEX) at

7.9890/7.9900 to the dollar on Wednesday after being fixed the

previous day at 7.8600 to the dollar.

The rouble on Tuesday suffered its largest one day fall for

four years, sliding 10 percent. The currency has been steadily

losing ground since it was effectively allowed to devalue last

week by the government of former prime minister Sergei

Kiriyenko, who was sacked on Sunday.

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