The dollar exchange rate may soon fall below 90 rubles, aforementioned “Moscow 24” Director of the Market Research Center of the Institute of Statistical Research and Information Economics of the Higher School of Economics of the National Research University, economist Georgy Ostapkovich.
“If the economic situation is positive and export revenues start to increase, the dollar may fall below 90 rubles. It’s hard to say where it will settle. This could happen in the near future, literally next week,” Ostapkovich said.
According to him, many factors will affect this. In particular, Russia’s taking measures to curb the increase in foreign exchange and the good results obtained by the Central Bank in its current account in August. Ostapkovich announced that export revenues began to flow in Russia and the dollar was no longer insufficient.
“The question is whether this is a long-term or short-term decline. “In addition, everything will depend on the economic situation, the state of the current account in the balance of payments, the measures the Central Bank will take to reduce the exchange rate,” he said.
Exchange rate of dollar to ruble at the opening of trading on the Moscow Stock Exchange on September 12 decreased compared to the closing level of the previous trade amounted to 93 rubles. The euro exchange rate also fell below 100 rubles.
A factor that could do this has been named before. to hold Dollar rate is 85-90 rubles.