The dollar rose 1.25 kopecks against the ruble at the opening of trade on Wednesday. and amounted to 81.42 rubles. Compared to the previous trade closing level. This is proven by data Moscow Stock Exchange.
The euro rate fell by 13.75 kopecks. and amounted to 87.05 rubles, while the yuan remained the same and amounted to 11.41 rubles.
Andrey Kochetkov, formerly leading analyst at Otkritie Investments estimatedthis week the ruble will be in the range of 81.0 to 82.0 rubles. per dollar. The expert explained that the trade balance plays a key role in relation to foreign exchange flows.
Before that, Anton Siluanov, head of the Ministry of Finance of Russia, challenged Russian Federation and the Russian Federation in dollars.
Pavel Samiev, CEO of the BusinessDrom analytical agency, also stated that the Bank of Russia (CB) could start. gradually reduce key rate within six months. But that will happen when inflation drops to 4% and nothing will put pressure on the ruble rate.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.