Source Pravda.Ru

Dollar stable at UTS

The weighted average dollar exchange rate for tomorrow deals amounted to 29.12 RUR/USD after the opening at the UTS. This is equal to the official dollar exchange rate set by the Russian Central Bank for October 18. Thus, the official dollar exchange rate remained stable. Traders are not active today. On October 15 banks concluded dollar deals worth $1.650bn. The trade volume reached $40m by 10:30 a.m. today. Ruble liquidity has not worsened despite trader apprehension. According to experts, the interest rates on overnight ruble-denominated loans amount to 1-2 percent.

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