Ruble slightly increases on sales of foreign currency by exporters
MOSCOW, 17 Mar RIA Novosti/Prime. The ruble against the Euro and the dollar in the first part of the day increases with proximity of the tax period and the lack of negative news from Ukraine.
The dollar calculations "tomorrow" to eleven. 27 GMT decreased from its previous closing to 44 kopecks and amounted to 61, 76, by 29 cents to 65, 46 ruble, follows from the data of the Moscow exchange.
The ruble against the dollar and Euro in the first part of the day increases within the correction after several days of increasing foreign currency. Morning attempts oil prices grow in the territory of 54 per barrel mark Brent support the ruble.
The approach of the tax period also contributes to the increase of sales of foreign currency by exporters that corrects the Ruble up. Finally, save in respect of calm geopolitical background and lack of negative news from Ukraine does not prevent the ruble to recover.
The ruble looks stable on the back of a similar commodity currencies of developing economies, said Vladimir Evstifeev of Bank Zenit." The fall in oil prices has put pressure, but insinuatio limited launched yesterday the tax period, " he added.
"In addition to the provisions in the oil market the ruble is not more decisive reasons for the weakening. Geopolitical rules went into a quiet background, and the history of payments on the foreign debt are balanced supply of foreign currency from the Central Bank and the Treasury. Today a small increase risks of courses throughout the day is saved, but he is unlikely to be significant, " added Evstifeev.
Support the national currency of the Russian Federation will provide exporters that will strengthen sales of foreign exchange earnings, analysts say Dukascopy Bank." as a result, the Outlook of the pair dollar/Ruble remains at 59 to 61 by the end of this week, if the Price of oil drops below $ 50 per barrel, " he thought in the Bank.