Dollar continues retreat on Russian market

The weighted average dollar rate was RUR29.81 at the opening of today's special session, which was RUR0.01 lower than the official rate for November 17, experts reported stating the new strengthening of the ruble against the dollar on the domestic market.

The dollar has been retreating on the Russian market for the second consecutive business day. On November 14, the dollar lost RUR0.04. Currency analysts say that the dollar was falling on low sales volumes reaching only $21m in the first hour and a half and $41m by the end of the previous trading session. The volume of sold dollars was only $19m over the first forty minutes of trade today.