Source Pravda.Ru

Dollar rate sees most significant upsurge over past month

By the end of this morning's trading session, the weighted average dollarexchange rate rocketed RUR 0.04 and hit RUR 31.61. This was the mostsignificant upsurge in the dollar rate since August 1, or more than a monthago.Currency experts linked this rise in the US currency rate to low rublecredit rates and the absence of currency interventions by the Central Bank.They specified that one-day ruble credit rates had dropped to 2-3 percentby midday today.It seems that the Central Bank has decided to restrain the dollar ratewithin a new range. Bank specialists estimated this range at 31.61-31.62rubles per dollar..

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