Central Bank defends dollar at UTS

29.07.2003 05:30

The weighted-average dollar rate with tomorrow settlements came to RUR30.25 as of 11:30 Moscow time. Thus, the official dollar rate for tomorrow will be the same as today.

Commercial bank experts attribute this development to the Central Bank's intervention. Analysts say that over the first 1.5 hours of trade the Bank purchased at least $50m out of the total volume of $105m at the UTS. The Central Bank has been buying US currency in large lots as the total number of transactions is now as little as 79.

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