Russia » Economics

Central Bank prevents dollar drop at morning trade - 4 April, 2003

The Central Bank conducted a rather large ruble intervention at this morning's trading session, several specialists from commercial banks noted in an interview with RBC. One of currency analysts noted that the Central Bank purchased dollars at RUR 31.28. Most active ruble interventions were carried out at the beginning of the Unified Trading Session.

These efforts enabled the Central Bank to prevent a fall in the dollar rate by more than RUR 0.01 against the previous closing and the weighted average dollar was RUR 31.28. Traders estimated the Bank's interventions at about $50m, which accounted for more than 50 percent of the trade volume at the morning trade.

Comments
The Royal Wedding and the Silly Season
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Science Has Once Again Declared: ‘We Were Created’
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
World's most beautiful man lives in Ukraine
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Iran's next moves on nuclear deal much more important - Kremlin
Iran's next moves on nuclear deal much more important - Kremlin
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Why Putin should say nothing when USA and Germany fight over Russian natural gas