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The weighted average exchange rate of the US dollar rose to 28.96 RUR/USD at the beginning of the Unified Trading Session on Friday. This is RUR 0.08 above the dollar’s official exchange rate set by the Central Bank of Russia for April 30. The US currency strengthened against the ruble for a second day in a row. On Thursday, the dollar edged up RUR 0.02.
Meanwhile, bank dealers say a deficit of rubles and the euro/dollar exchange rate did not contribute to the strengthening of the dollar against the ruble.
The dollar has weakened against the euro by more than 1 percent on international markets over the past 24 hours. The euro is currently buying almost $1.2, having traded at about $1.8 a day earlier. The situation with ruble liquidity has not improved. According to Konstantin Chadayev of Investment Trade Bank, interest rates on one-day ruble loans are still high, at 15-17 percent. In his opinion, this is due to the end-of-month factor.
And yet, the Russian currency weakened against the dollar. Perhaps, this is due to a fall in Russia’s leading stocks on Thursday and a drop in the Russian gold and foreign currency reserves.
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RUSSIA IN FACTS
