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Rouble is growing in pairing with USD and EUR at the beginning of the week
With the start of the trading session at the MICEX currency section, the Russian Rouble rate has grown in pairing with the USD and the Euro, amid increased demand for the Rouble liquidity in the domestic market and also due to support from the relative stability at the global stock markets.
Thus, trading session for the USD started at the level of 30.2 roubles, which is 20 kopeks less than closing level on Friday; the EUR started at the level of 41.62 roubles (-12 kopeks).
Dual currency basket value today amounted to 35.37, (-16 kopeks).
Therefore, stability in investors’ sentiments at the global financial markets creates favourable background for currencies, and demand for the Rouble in the domestic trading floors provides support to the Rouble.
Presumably, the pair Dollar/Rouble will be in the channel of 30.10-30.35 Rouble for USD at the trading session on Monday.
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