Source Pravda.Ru

Central Bank hampers growth in dollar rate at UTS

The Central Bank hindered the increase in the dollar exchange rate at this morning's session, an expert of a commercial bank told RosBusinessConsulting. He pointed out that the average-weighted dollar exchange rate grew by RUR0.01 to 31.83 RUR/USD at the beginning of business today, however after the Central Bank's currency intervention the average-weighted rate eased back and remained at RUR31.82 per dollar at the UTS.

The expert believes that the Central Bank sold some $20m at the special session today to prevent the ruble's weakening even by RUR0.01. The total volume of deals at today's UTS amounted to about $75m, so the Central Bank's share in this volume was lower than one third. The amount of today's trade at the special session decreased by $29m, compared to the previous session on November 18.

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