Dollar Rate Remains Unchanged Due To Insufficient Ruble Liquidity

One-day ruble credit rates remained at a high level on the interbank market today, traders from Russian commercial banks reported to RBC. In particular, they reached about 25 per cent for large banks and 30 per cent for small and medium-sized banks. As reported earlier, ruble credit rates reached 50 per cent in the afternoon on November 6. This is not surprising because the balance at ruble correspondent accounts plummeted more than 850m rubles ($28.64m) in Russia and reached less than 60bn rubles ($2.02bn). As a result, the average-weighted dollar exchange rate remained at the level of 29.68 rubles at the unified trade today.