Central Bank controls UTS trading

01.11.2004 08:04

The weighted average dollar exchange rate on tomorrow deals was 28.77 RUR/USD in the first 90 minutes of trading at a special session. Thus, the official dollar rate for November 2 will not change. This standstill has been ensured by the Russian Central Bank that took part in the trading at a special session this morning.

The Central Bank's active participation at the UTS is testified to by the low spread of deals, which was RUR0.25 at 11:30 a.m. Moscow time. Commercial bank had sold over $400m on this sector of the currency market by that time and the average sum of dollars offered for sale was about $4m.

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Author`s name Editorial Team

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