Low trade volume reported at morning's dollar trade

The weighted average dollar rate was RUR 31.28 at the early morning trading session today, which was unchanged compared to the previous close. At the same time, the high on dollars reached RUR 31.31, RUR 0.03 higher than the official dollar rate set for April 8. This rise in the dollar rate can be linked to a favorable situation with ruble liquidity at domestic commercial banks. Currency analysts noted in an interview with RBC that extremely low ruble credit rates testified that banks had no problems with ruble resources. One-day ruble credit rates were below 2 percent this morning. Despite this, experts reported a sharp reduction in the activity of traders and the trade volume compared to Monday's session. This reduction could be caused by the large-scale sale of dollars at the morning trade on April 7.