Central Bank hampers dollar growth

Today, the Russian Central Bank has continued currency intervention on the interbank market, which it began yesterday afternoon. Several commercial bank dealers pointed to this in an interview with RBC. They said that yesterday, the Central Bank had been selling dollars on the interbank market at RUR31.90. Today, this figure is RUR0.01 to RUR0.02 lower, which is RUR31.88 to RUR31.89.

Due to this, even the high on deals with settlements on January 8 has not overcome 31.89 RUR/USD on the interbank market this afternoon. This level is only RUR0.11 higher than the official rate, while yesterday the gap reached RUR0.15 and more.

Specialists believe that the Central Bank's currency intervention is currently taking place on the interbank market with settlements on January 9, too, where deals are not exceeding 31.90 RUR/USD.

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Author`s name Editorial Team