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Russian Rouble continues to grow in pairing with USD

With the start of the trading session at the MICEX currency section, the Russian Rouble rate continues to go up in pairing with the USD still receiving support from high oil prices

Thus, trading session on Monday started at the level of 28.87 roubles for the USD, which is 7 kopeks less than closing session level on Friday; the EUR started movement at the level of 39.77 roubles (-3 kopeks).

Dual currency basket value fell by 4 kopeks today and amounted to 33.79 roubles.

It became known on Friday that Central Bank of Russian Federation decided to raise refinancing rate by 25 basis points, to the level of 8%, which however, seems a weak measure against existing consolidation of the national currency.

Presumably the pair Rouble/Dollar will be in the channel of 28.80-29.10 roubles for the USD at the trading session on Monday.

 
 

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