 State-owned agency TASS reported a loss of US$5.4 billion in the Bank's foreign reserves to US$369.2 billion on the week of 23–30 October.In January 2017, Russia had foreign currency reserves of around $391 billion, an inflation rate of 5.0% and interest rate of 10.0%.On 16 December 2014, the RTS Index, denominated in U.S. dollars, declined 12%, the most on any given day since the midst of the global financial crisis in November 2008, and the MICEX Index declined 8.1% at one point before ending the day higher.