Interbank market participants not active

Even the high of today's deals on US currency has not exceeded 31.89 RUR/USD in the second half the day. This rate is only RUR0.01 higher than the official dollar rate set by the Russian Central Bank.

Dealers of commercial banks also point to favorable ruble liquidity and a lack of deficit of ruble resources at commercial banks amid the low level of deals on the interbank market. One-day ruble credit rates have been only 2-3 percent. Nevertheless, the activity of participants on the interbank market has also been rather inconsiderable. The trade volume of deals with tomorrow settlements amounted to $37m at 13:30. This figure is more than four times lower than the trade volume at the morning session on January 8.

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