Source Pravda.Ru

Central Bank buys $200m at UTS

At today's special session on US currency for deals with tomorrow settlements the Central Bank is making a considerable ruble intervention, specialists of commercial banks pointed out in an interview with RBC. They stressed that the Bank had started buying US currency at the beginning of the UTS and it seemed to continue purchasing dollars till the last minute of the special session.

Dealers of commercial banks noted that the Central Bank had not changed the level of buying US currency; it remained 30.98 RUR/USD. As a result the weighted average dollar rate is equal to this figure currently. The volume of purchased currency by the Central Bank at the UTS for tomorrow deals amounted to some $200m as of 15:00, experts said. The trade volume of deals with tomorrow settlements exceeded $220m at this time, which was more than 3 times higher than the total trade volume at the UTS for tomorrow deals on May 14.

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