Source Pravda.Ru

Dealers Think Exchange Rate May Reach 29.60 Rubles Per Dollar This Week

The dollar rate may reach the level of 29.60 rubles per dollar by the end of this week. Currency dealers gave this opinion in an interview with RBC, commenting on an increase of the weight-average dollar rate by 3 kopecks at the morning trading session on Wednesday. According to them, the level of 29.60 rubles per dollar is almost certain to be surpassed within the next 2-3 days, because the sufficient liquidity of commercial banks is unlikely to reduce this week. The experts did not rule out the possibility that there would be no deficit of rubles on the first business day of next week, October 29, too. The dealers pointed out that banks are not inclined to speculate for a decrease in the dollar rate now, and the Central Bank seems to share this position. The experts underlined that in the morning of the third business day of the week, the Central Bank of Russia did not interfere in events on the currency market and accordingly, did not prevent the dollar rate from rising.