Source Pravda.Ru

Dollar rate expected to see another rise tomorrow

The high on tomorrow dollar deals reached RUR 31.65 in the afternoon on theinterbank market today. This means that the dollar rate surpassed theofficial exchange rate for September 4 by RUR 0.04. Currency expertsstressed the high activity of traders both at the morning trading sessionand on the interbank market. They specified that the trade volume hadreached more than $90m at the UTS and almost twice as much at the afternoonsession. Specialists reported they did not notice the Central Bankrestraining the dollar rate. This means that the high trade volume was dueto sales and purchases by domestic commercial banks. Analysts believe thattoday's significant rise in the US currency rate and the absence of theCentral Bank means that the dollar is likely to continue growing attomorrow's UTS..