The Russian currency hit another record low on Friday as investors continued to sell the Ruble amid dropping crude oil prices. The exchange rate declined to 58 Rubles to the dollar, down more than two Rubles from the previous day. The Ruble also fell by nearly three Rubles to the 72 Ruble level against the Euro. The central bank on Thursday decided to raise the interest rate from 9.5 percent to 10.5 percent to try to stem the continuing fall of the Ruble. But this has not stopped investors from selling the currency. Consumer prices are rising as imported goods are becoming more expensive due to the falling currency and international sanctions imposed following the Ukrainian crisis. Russians are facing inflation higher than nine percent.