A well-known financial analyst notes that the ruble’s exchange rate above 100 per US dollar does not align with Russian policy goals. He argues that authorities are using available tools to steer the rate back toward a corridor roughly between 85 and 92 rubles per dollar. This assessment has been reported by a major Russian media outlet.
The analyst further contends that simply raising the Central Bank’s key rate would likely have limited impact. He expects the authorities to rely on interventions in the foreign exchange market, stressing that success would depend on the market not being able to discern the exact logic behind those actions.
There is also discussion about possible measures under currency regulation, including restrictions on certain import transactions as a way to influence capital flows and demand for foreign currencies.
Earlier, another expert, a candidate of economic sciences, warned about a tendency for the ruble to swing and emphasized the need to monitor evolving trends in the exchange rate.
Trading data from the national platform indicate that the dollar’s value on the Moscow Exchange briefly dipped below the 99 ruble mark, retreating by several rubles from the day’s peak. In late afternoon trading, the dollar hovered around 99.05 to 99.10 rubles, after having slipped below the 100 ruble level earlier in the session.
During the day’s trading, the dollar briefly touched the lower 99s, with the rate at one point around 99.98 rubles in the early afternoon. The euro also showed movement, sliding from a higher level to about 105.4 rubles, reflecting broader shifts in the currency market and domestic economic expectations.
Analysts continue to assess the impact of ruble movements on macroeconomic conditions, including inflation, import dynamics, and overall economic stability, as policy authorities balance risks and the need to preserve external competitiveness.
Overall, the market narrative centers on the potential for policy tools to guide the ruble toward a targeted corridor while avoiding abrupt volatility that could affect business sentiment, consumer prices, and trade balances in the near term.