Dollar stands still due to heavy ruble deficit

This morning the weighted average dollar exchange rate with tomorrow settlements amounted to RUR30.61, which is equal to the official dollar rate set for today. This standstill of the dollar may be due to a correction following a considerable decline in the ruble rate. As reported earlier, on September 25 to 29, the US currency gained RUR0.16.

Commercial bank dealers point to a heavy deficit of rubles as the main factor that is slackening the dollar rise. Overnight ruble credit rates are now ranging from 25 percent to 30 percent just as yesterday.

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