Dollar rate drops at today's special trade session

At the morning dollar trade session on September 16 the weighted averagedollar exchange rate was RUR31.63, a decrease of RUR0.01 as compared to theprevious figure. In the meantime, the situation on the ruble market remainsfavorable and commercial banks are experiencing no deficit of rubleresources. This morning one-day ruble credit rates were 5-6 percent, i.e.pretty low. In the evening on September 13 ruble credit rates were evenlower. In view of this, analysts believe that there are currently noprerequisites for the ruble strengthening against the dollar, and a drop inthe dollar exchange rate at today's unified dollar trade session may be dueto the Russian Central Bank's foreign currency intervention. .

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