Source Pravda.Ru

Dollar exchange rate ekes out small gain

During the first half of the morning dollar trade session on September 12the weighted average dollar exchange rate was RUR31.65, an increase ofRUR0.01 as compared to the previous figure, which is equal to the dollarrate growth posted at yesterday's unified dollar trade session. Commercialbanks' dealers point to the fact that there is still no deficit of rubleresources on the market, and therefore dollar buyers' activity remainspretty high at the special dollar trade session. Yesterday in the eveningone-day ruble credit rates did not exceed 5 percent, while this morningthey are not higher than 6 percent, commercial banks' specialists reportedto RosBusinessConsulting. As a result, ten minutes after the opening of themorning dollar trade session, even the low on dollar rate quotes wasRUR31.65, while the trade volume exceeded $30m. .

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