Source Pravda.Ru

Dollar sees significant growth prior to long holidays

The weighted average dollar exchange rate hit RUR31.81 in the first half of this morning's trading session. It surged RUR0.04 against a RUR0.01 rise observed at the previous special trading session.

Experts from domestic commercial banks explained that the dollar rate was growing due to the upcoming long holidays - November 7 to 9. That is why traders are making significant dollar purchases. The favorable situation with ruble resources promotes large-scale dollar purchases. Specialists reported that one-day ruble credit rates were at about 6 percent this morning as well as yesterday evening. As a result, the trade volume surpassed $30m ten minutes after the opening of the UTS.