The weighted average dollar exchange rate rose RUR 0.02 to RUR 31.59 at the early morning trading session today and the high on dollars reached RUR 31.6. Currency analysts noted that a rise in the dollar rate was registered on the interbank market as well.
Specialists explained that the dollar had increased because there had been no ruble deficit for a long time and due to a favorable situation with ruble liquidity at domestic commercial banks. They stated that one-day ruble credit rates were still at 2-3 percent this morning, like in the evening on February 28.
The remarks from the Pope came as "a very strong step towards degradation," "given the rather massive nature of homosexuality" among the Catholic clergy.