Dollar dips third day in row

The weighted average dollar rate with tomorrow settlements came to RUR30.38 in early trade today. This figure is RUR0.08 lower than the official dollar rate for June 17. The dollar has been falling the third day in a row on the Russian currency market starting June 11.

Commercial bank traders report the deals of high volume with tomorrow settlements, each about $3m on average. The volume of trade amounted to $38m and only 13 deals were registered. Analysts conclude that exporters have once again received large amounts of revenues from exports, sending the dollar rate back to levels of late 2001.