Russian Information Network
Russian All News Top 10 News News Export Photo magazine All comments
 Russian News Russian News 
Politics
Society
Economics
Accidents
Nature & Health
Hi-Tech
Culture
Sport
Celebrities
World News
 


  Politics 
18 of August, 14:02

Ruble drops amid falling oil and reached the lowest level against Euro since February


MOSCOW, Aug 18 - RIA Novosti/Prime, Elena Lykov. Ruble in afternoon trading Tuesday continues to fall against the dollar amid low oil quotes have already upgraded at least to the Euro for the first time since February 13.

The weakness of the ruble, analysts attribute the low price of oil and the growing tension in the Donbass.

The dollar calculations "tomorrow" to 13. 37 MSK grew from its previous closing 13 kopecks and amounted to 65, 64 of the rouble, the Euro Rate subject to strong volatility and increases by 3 kopecks to 72, 61 ruble (day rose to 73, 05 ruble and then fell by 5 kopecks below the level it was last closed), follows from the data of capital exchange.

October futures for oil of mark Brent has fallen by 0, 45% to 48, 52 dollars per barrel (day fell to 48, 25 dollars per barrel).


The ruble rose by a decrease to basic involutum against the backdrop of low oil prices. Then the European currency was gaining strength, and the Euro broke the mark of 73 rubles, But could Not resist and dropped to 72, 5 rubles.

After braking the momentum of falling oil prices, the Ruble has also slowed the fall to major involutum and practice regained his place in relation to the Euro. Anyway, analysts believe that the situation is Not as long as in favor of the domestic currency.

Not surprisingly, says Irina Rogova from Forex Club, as in the South-East of Ukraine is heating up again, the situation that recalls the events of the autumn of last year." Rising geopolitical tensions at this stage will clearly play into the hands of Russian currency, " she adds.

in addition, the prices of petroleum products are held on against low levels, finding catalysts to return at least to the level of 50 dollars per barrel of Brent, the analyst adds.

"The fact that investors expect a seasonal decline in demand from oil refineries in the United States in connection with a suitable by the end of the vacation period and That keeps them from buying the asset. Thus, the significant reasons for the increase in the ruble is not, " concludes Rogova.


it is possible that it will be possible to see further Growth of quotations pair dollar-Ruble in the territory of 66, 46 and, further, to 67, 00 rubles per dollar, Rogov believes. But if the fall of the ruble will occur and then there is the probability of intervention of the Central Bank to stabilize the situation and prevent the strengthening price pressures, she adds.

However, as recalled by the head of Directorate of financial institutions and investment services of the Ural Bank for restoration and development (UBRD) Vladimir Zotov, the first day of the week, the Russian presidential aide Andrei Belousov said that the current volume of currency reserves of Russia does Not give the opportunity to support the ruble, and the only lever of influence of the Central Bank remains the key rate.

"This means that the resources to provide the possibility of open market operations to maintain the ruble will be substantially limited (if Not overruled). So, the risks of further weakening of the ruble against the dollar and the Euro are deemed to be high, " says the specialist.

To reduce the pressure on the Russian currency have the opportunity of sale of foreign currency earnings from exporting due to the necessity of the payment of taxes, he adds.

Expected trading range on Tuesday - 66, 05-65, 60 rubles per dollar, predicts expert. The reference rate for the dollar-the Ruble on Tuesday - corridor 65-66 rubles, says Georgiy Vaschenko from the organization " freedom Finance ".


sections: Politics

125219
eng
ON THIS THEME:
[View all comments] [Print]
  User Comments 
[Add comment]

There are no comments for this article yet. Be first to post a comment!
[Add comment]
  Headline 
Russia expressed its tough stance on Catalonia Russia expressed its tough stance on Catalonia

12 of October, 09:06

The Ministry of foreign Affairs of the Russian Federation clearly expressed our country's position on the referendum in Catalonia.

  Worth to read 

  Politics 
Sort by: date rating
Trump was accused of reckless behavior and the outbreak of nuclear warTrump was accused of reckless behavior and the outbreak of nuclear warBetween Turkey and the United States began a diplomatic warBetween Turkey and the United States began a diplomatic war
The Syrian military has identified the supply of arms from the US to terroristsThe Syrian military has identified the supply of arms from the US to terroristsDefense Ministry: terrorists in Syria are trained in the area of responsibility of the USDefense Ministry: terrorists in Syria are trained in the area of responsibility of the US
Lavrov ripped the mask from the face of the USALavrov ripped the mask from the face of the USAVideoconferencing decapitated by terrorists in SyriaVideoconferencing decapitated by terrorists in Syria
Russia blamed the problems of Spain with CataloniaRussia blamed the problems of Spain with CataloniaLawmakers want to shorten the new year holidays RussiansLawmakers want to shorten the new year holidays Russians
The foreign Ministry reported another illegal action of the US intelligenceThe foreign Ministry reported another illegal action of the US intelligenceFor the separation of Catalonia from Spain voted 90% came to the pollsFor the separation of Catalonia from Spain voted 90% came to the polls
Zakharov gave a harsh response GrybauskaiteZakharov gave a harsh response GrybauskaiteThe U.S. refuses to admit guilt for the death of a Russian GeneralThe U.S. refuses to admit guilt for the death of a Russian General
North Korea will take "superrigidity countermeasures" against the United StatesNorth Korea will take "superrigidity countermeasures" against the United StatesEmployee of the state Department: sanctions against Russia are not workingEmployee of the state Department: sanctions against Russia are not working
The United States was in a deadlock in the situation with North KoreaThe United States was in a deadlock in the situation with North KoreaRussia and Belarus began teaching West 2017Russia and Belarus began teaching West 2017
The Russian foreign Ministry expressed a negative attitude to the new Ukrainian law on educationThe Russian foreign Ministry expressed a negative attitude to the new Ukrainian law on educationAt the weekend, Lavrov visited Saudi ArabiaAt the weekend, Lavrov visited Saudi Arabia
The US government is developing schizophreniaThe US government is developing schizophreniaPutin puzzled with his answer about the participation in elections of 2018Putin puzzled with his answer about the participation in elections of 2018
 1  2  3  4  5  6  7  8  9  10 >> 5218
 Day headline Day headline 
The inspector of traffic police will cease to take away the rights of drivers

18 of October, 12:50

The inspector of traffic police will cease to take away the rights of drivers
 
 News of the week News of the Week 
  • The Ministry of communications of Russia promises the abolition of international roaming
  • State Duma Deputy offers to cancel the new year holidays
  • The inspector of traffic police will cease to take away the rights of drivers
  • Brawler Pavlensky sent in a French madhouse
  • If you have music get goosebumps. that you are special
  • McDonald's is testing an unusual way to get visitors to communicate with each other
  • Telegram in Moscow awarded a penalty almost on one million roubles
  • The native of Makhachkala saved four children and mother from the gas trap
  • The Russian made a tattoo on your face
  • Smokers to ban Smoking at entrances

  •  Photos Photos 
    Joel Madden says Nicole Richie brings out the best in him
    Nudity and violence: Canadian students strip in protest, clash with police
    How Cindy Crawford keeps her stunning physique
    Lady GaGa has a Vlad Romance
    Spanish rallies turn violent as million people protest in 80 cities
    Virtual Visiting Cards
    Tests
    Game Server


     News by regions News by regions 
    Far East region
    Volga region
    North-West region
    Siberian region
    Ural region
    Central region
    Southern region

     Subscribe Subscribe 
    Name  
    E-mail   
    Type HTML TEXT
    All sections
    Politics
    Society
    Economics
    Accidents
    Science & Technics
    Culture
    Sport
    In the World
    Top 10 today
     once per 3 hours
     once per 6 hours
     once per 12 hours
     once per 24 hours


     
     
     
    Politics Society Economics Accidents Nature & Health Hi-Tech Culture Sport Celebrities World News
      Copyright © RIN 2005-2006 * Feedback