MOSCOW (Reuters) - Russian assets rebounded on Tuesday as President Vladimir Putin said he would only use force in neighbouring Ukraine as a last resort.
The mood on the markets was calmer after panic selling on Monday when escalating tensions between Ukraine and Russia sent Moscow's main stock indexes plummeting and forced the central bank to unexpectedly raise interest rates - by a hefty 150 basis points - and burn its way through as much as $12 billion (7 billion pounds) of reserves to prop up the rouble.
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