Source Pravda.Ru

Dollar rate's increase halts at morning trade

The weighted average dollar exchange rate was RUR 31.86 at early morning trade today, remaining unchanged against the previous closing. The dollar rate stayed at the same level today after a rise observed over the past two days in a row.

Meanwhile, the situation with ruble liquidity at Russian commercial banks remains favorable, which is bound to promote a rise in the dollar. Low ruble credit rates testify there is no ruble deficit at domestic banks. One-day ruble credit rates reached 4-6 percent this morning and they were even lower, at 3 percent, yesterday.

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