Source Pravda.Ru

Analysts Say Central Bank Prevented Dollar Rate From Fall Today

The Russian Central Bank has most likely supported the dollar exchange rate from falling at the morning trade today, banking analysts noted in an interview with RBC. They stated that the Central Bank kept the dollar at the level of 29.68 rubles, i.e. the official dollar rate for today. Specialists think that the bank probably bought about $30 million today. They stressed that the trade volume was higher than usual on the currency market in the morning. It surpassed $96m, which is almost $26m more as compared to the previous trade. This is one of the factors that testified that the Central Bank was conducting currency interventions today in view of a noticeable ruble deficit.

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