Source Pravda.Ru

Central Bank stays away from UTS - 17 September, 2002

The Central Bank did not take part in the morning session on US currencytoday, experts of commercial banks said in an interview withRosBusinessConsulting. Some experts also pointed to the fact that theCentral Bank did not carry out currency interventions on the Interbankmarket in the first half of today's trade. Due to increased balances atcorrespondent accounts at commercial banks, the one-day ruble credit ratedecreased to four percent by 12:00, which may result in an advance in thedollar rate at the afternoon session.Currently, the dollar rate of tomorrow deals is not exceeding 31.65 RUR/USDon the interbank market. Moreover, in contrast to the special session, theactivity of participants of the trade on the interbank market has been low.The volume of deals amounted to only $6m at 12:00, the experts concluded..

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