Source Pravda.Ru

Expert comments on dollar fluctuations this week

"The dollar rate has been growing on the currency market today. First ofall, it was due to low credit rates on the interbank credit market, whichmeans that banks have many rubles currently. Nevertheless, the Central Bankwas resisting the growth in the dollar rate, however, at a level higherthan 31.60 RUR/USD. At present the tomorrow deals are fluctuating betweenRUR31.635 and RUR31.645. Dollars have been sold also at the 31.645 RUR/USD,and this rate seems to be a support level", an expert of a commercial banksaid in an interview with RosBusinessConsulting. She believes that, if theCentral Bank stops its currency interventions, the dollar rate will surge,certainly. However, the rate is likely to fluctuate between RUR31.65 andRUR31.68 during this week, the expert concluded..

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