Source Pravda.Ru

Rise in ruble reserves pushes dollar rate up

The weighted average dollar rate with tomorrow settlements amounted to RUR30.26 pushing the official dollar rate for July 31 up RUR0.01. Dealers link this rise in the dollar to a noticeable increase in balances of correspondent accounts at Russian commercial banks that contributed to the removal of the ruble deficit. At the beginning of today's trading session, the balances grew by more than RUR25bn (nearly $826.58m) throughout the country and by RUR19bn ($628.2m) at the banks in the Moscow region.

A considerable improvement of ruble liquidity has caused a sag in the activity of dollar sellers. The volume of the UTS trade with tomorrow settlements was minimal, only $15m after 1.5 hours of trade.

Comments
Ticking Time Bomb: Countdown to Armageddon
Ukraine's Western allies point their guns at President Poroshenko
IOC wants Russia to boycott 2018 Winter Games and exit Olympic movement
A Europe without roots now also demolishes churches
The Green Africa project
It is about time Russia should exit Western project
Honor me: The hell with you
Student barred from exams at Moscow State University for wearing Jewish hat
Student barred from exams at Moscow State University for wearing Jewish hat
China wants Moscow to confront pressure from Washington together
British army chief says Russia can destroy UK sooner than expected
Ticking Time Bomb: Countdown to Armageddon
British army chief says Russia can destroy UK sooner than expected
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
About the New Year Address of Marshal Kim Jong Un
It is about time Russia should exit Western project
About the New Year Address of Marshal Kim Jong Un
About the New Year Address of Marshal Kim Jong Un
IOC wants Russia to boycott 2018 Winter Games and exit Olympic movement
About the New Year Address of Marshal Kim Jong Un
About the New Year Address of Marshal Kim Jong Un