Source Pravda.Ru

Ruble credit rates remain low this afternoon

One-day ruble credit rates were 3-5 percent in the afternoon of the firstworking day of September. In other words, they remain at a low level,despite a decrease in the balance of correspondent accounts at commercialbanks in the Moscow region by more than 2bn rubles. At the same time, afavorable situation with ruble liquidity and sufficient amount of rubles inbanks haven't initiated a dollar growth on the interbank market yet. Thedollar exchange rate with tomorrow settlements remained equal to 31.61rubles at today's special trading session. At the same time, the fact that the dollar exchange rate on the interbankmarket exceeded the official dollar exchange rate for tomorrow(USD/RUR31.57) makes the average-weighted exchange rate more likely to growtomorrow morning. In addition, since the Central Bank of Russia ignoredtoday's trading, it can be assumed that it won't impede the dollar growthat the Unified Trading Session tomorrow as well. .