Dollar rate rises on Russian market

The weighted average dollar exchange rate hit RUR 31.58 in the first halfof this morning's trading session. This means that the dollar went up RUR0.01 as compared to the previous closing. The dollar exchange rate saw arise on the Russian market for the first time today after it remainedunchanged for five days in a row, from August 20 to 25. Banking expertslinked this rise to the favorable situation with ruble resources on thecurrency market and the respective situation with ruble liquidity.Currency analysts noted that low ruble credit rates testify that domesticbanks suffered from no ruble deficit. One-day ruble credit rates reached3-6 percent at the morning trading session and they were below 3 percent onFriday evening..

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