Experts Expect Dollar Rate To Rise By 3-4 Kopecks Today

The dollar rate will increase by 3-4 kopecks during the morning trade today. Banking experts gave this view in an interview with RBC. They remarked on the fact that in the past three days, including the beginning of the last business day of the week, October 26, the Central Bank had not been making any efforts to contain a rise in the dollar rate. The experts pointed out that the Central Bank of Russia had been absent not only from the morning trading session for the US dollar but also the inter-bank currency market. They view the Central Bank's unwillingness to prevent a substantial increase in the dollar rate as the reason for the significant increase in the exchange rate since Wednesday, October 26. As a result, on the last business day of the week, the morning trading session opened at the level of 29.62 rubles per dollar, i.e. 3 kopecks higher than the official dollar exchange rate for October 26. At the same time, the high for deals on the US currency reached the level of 29.63 rubles per dollar. Accordingly, in total, the dollar rate may increase by 10 kopecks during the period from October 24 until October 26.

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Author`s name: Editorial Team