Dollar comes back to historic low

The weighted average dollar exchange rate with tomorrow settlements amounted to RUR28.49 in early trade today, with no changes against the official dollar rate set by the Central Bank for February 17. According to earlier reports, yesterday the dollar lost RUR0.03. On January 29, the official dollar rate already was RUR28.49, which is a historic low on the dollar, and therefore the dollar is now likely to rebound.

Commercial bank dealers report that the Central Bank keeps supporting the dollar at RUR28.4850. It did not actually close any deals on the dollar as yet, which is probably owing to a low supply of dollars by commercial banks. The trading volume totaled a little more than $10m as of 10:30 Moscow time.

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Author`s name Editorial Team