Source Pravda.Ru

Central Bank permits ruble's decline

Moscow time, the weighted average dollar rate with tomorrow settlements totaled RUR30.33 driving the official dollar rate for August 5 up by RUR0.03. Experts of commercial banks believe one of the reasons for the continuous sag in the ruble rate to be a lack of active interventions on the part of the Russian Central Bank. Analysts are of the opinion that over the first one and a half hours the Central Bank did not participate in UTS trade with tomorrow settlements. Banks are believed to be closing speculative deals as the gap between the low and the high on the dollar came to RUR0.06.

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