Source Pravda.Ru

Dollar resumes growth

The high on dollars reached RUR30.21 on tomorrow deals two hours before the closing at the Russian special trading session, traders reported to RBC. Despite this growth, the average weighted dollar exchange rate remains at RUR30.06 as of 3 p.m., which corresponds to the official dollar rate for October 14. Commercial bank experts linked this slight weakening in the ruble to an upward correction in the dollar rate after a sharp fall in the US currency rate. They also attributed the halt in the dollar drop to continuing large-scale ruble interventions of the Russian Central Bank. Analysts estimated the volume of dollars purchased by the Central Bank at the UTS at no less than $1.3bn.