Expert comments on dollar rate dynamics
The trade on the currency market has been calm today and the dollar ratehas been fluctuating in a narrow range, an expert of a commercial bank saidin an interview with RBC. The trade opened at 31.59 RUR/USD and currentlythe tomorrow deals are made at 31.58-31.59 RUR/USD. Credit rates on theinterbank market are quite low and commercial banks have enough rubleresources. "However, the rate has not exceeded the 31.60 RUR/USD level yet.It seems that participants are afraid that the Central Bank will appear onthe market and start its currency interventions, as it did some time ago.Moreover, the end of the month is approaching and banks are expectinganother increase in rates on the interbank credit market. The dollar islikely to continue fluctuating between RUR31.56 and RUR31.60. Aconsiderable advance in the rate is not expected", the expert concluded..
