Source Pravda.Ru

Demand for dollars rises as situation with ruble liquidity improves

The weighted-average exchange rate reached RUR31.54 per dollar at thebeginning of the morning trading session on the currency market on August14, the third business day of the week. Therefore, the exchange rate roseby RUR0.01 compared to the previous level, and the deals of the maximumvolume were made at RUR31.55 per dollar. Dealers link the weakening of the Russian national currency against the USdollar at the Unified Trading Session to a substantial improvement of thesituation with ruble liquidity. The elimination of the deficit of rubles onthe market took place last afternoon, when the interest rates for overnightcredits in rubles fell to 5%. The overnight credit rates have been a littlehigher this morning, reaching 6-7%. This has led to a significantintensification of dollar buys by banks. As a result, the trade volumeexceeded $50m just 20 minutes after the opening of the special tradingsession on Wednesday. As it was reported earlier, the total trade volumeamounted to less than $57m at the Unified Trading Session on Tuesday. .

Comments
Putin warns of consequences should Georgia and Ukraine become NATO members
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Russia to prove its innocence in MH17 disaster
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Putin warns of consequences should Georgia and Ukraine become NATO members
France thrashes Croatia to win FIFA 2018
France thrashes Croatia to win FIFA 2018
France thrashes Croatia to win FIFA 2018
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Trump versus the Traitors on Capitol Hill
Russia to prove its innocence in MH17 disaster
Russia to prove its innocence in MH17 disaster
Russia to prove its innocence in MH17 disaster
Putin warns of consequences should Georgia and Ukraine become NATO members
Russian warship helps Ukrainian fishermen in distress
The World Cup has changed the world in one month
Austria shows its 'ugly face' to Islam?