Source Pravda.Ru

Central Bank does not hamper upsurge in dollar rate

The Russian Central Bank did not interfere in the morning trading sessiontoday and did not conduct apparent currency interventions to hamper a risein the dollar rate, a bank expert reported in an interview with RBC. As aresult, the weighted average dollar exchange rate went up RUR 0.02 to RUR31.63 by the closing. The currency analyst stressed that the high on dollarhit RUR 31.68, which was RUR 0.07 higher than the official dollar exchangerate set for today. However, the expert admitted that this deal was asingularity.The specialist noted that the dollar exchange rate increased on theinterbank market as well, and the Central Bank was not interfering in theafternoon trading session either..

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