Source Pravda.Ru

Dollar rate fluctuates amid low trade volume

The volume of tomorrow's dollar trade on the interbank market reached onlya little more than $8m by 1:30 p.m. on the Russian market. Experts reportedthat the dollar rate was fluctuating slightly, and both the high and low ondollars as well as the weighted average dollar rate was at RUR 31.58.Earlier, the trade volume reached almost $97m at the morning trade. Inother words, the trade volume in the afternoon today saw a more than10-fold fall against the morning figures. Experts noted that banks hadobviously satisfied their demand for dollars in the morning today or on theinterbank market yesterday. This explains the extremely low activity oftraders now. The low trade volume also testifies that the Central Bank wasnot interfering in the trading session in the afternoon today, bankingspecialists concluded..