Russian PM says rouble slide bad for economy

MOSCOW Wed Dec 10, 2014 4:24am EST

MOSCOW Dec 10 (Reuters) - The devaluation of the rouble is hurting the Russian economy, Prime Minister Dmitry Medvedev said on Wednesday, adding that the currency was undervalued and he believed it would strengthen.

"(The weakening of the rouble) has a certain impact on the budget, on how it balances and for a number of other reasons too, but nevertheless ... the substantial weakening of the rouble is not advantageous for the state and the economy," Medvedev said in an interview with Russian media. (Reporting by Gabriela Baczynska, Katya Golubkova, Alexei Anishchuk, editing by Elizabeth Piper)

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