Dollar exchange rate rebounds

According to Moscow commercial banks' dealers, the dollar exchange ratedynamics have been determined by intra-day overnight fluctuations for thesecond day in a row. "This morning tod dollar rate quotes were at RUR31.65,but after that they started to decline under the pressure of ruble prices.During the first part of the unified dollar trade session the dollar wasfalling steadily. However, when ruble rates started to sink, the dollarwent up just as swiftly and not only compensated for its recent fall, butalso reached RUR31.6525 at the tod dollar trade session. At the unifieddollar trade session, on the other hand, despite the fact that the lastdeal was made at RUR31.64, the weighted average dollar exchange rateremained at RUR31.62", one of commercial banks' specialists commented ontoday's morning dollar trade session. On the whole, according to dealers,the trade is rather active, and the market has seen pretty large tradevolumes at RUR31.64-31.645, for which the Russian Central Bank possiblyaccounts. The dollar exchange rate is evidently not ready to fall underRUR31.64-31.65, experts stressed. .

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