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 
In Kharkiv, unidentified men opened fire on the police

20 of August, 06:04

In the center of Kharkov Unidentified man started shooting at the police, one of the guards died, according to a report on the Internet representative office of the National police of Ukraine.

  Worth to read 
Anti-Russian sanctions hit hardest in the European Union, said the UN


Anti-Russian sanctions hit hardest in the European Union, said the UNPunishment imposed by Western countries against Russia, hit hardest in the European Union, said in an...
 In Thailand, the fear of repeated flooding of the cave where there are children


In Thailand, the fear of repeated flooding of the cave where there are childrenDiscovered in a flooded cave in Thailand, students ought rather to teach the use of scuba diving and...

Named the approximate time of construction of a bridge to Sakhalin


Named the approximate time of construction of a bridge to SakhalinThe construction of a bridge to Sakhalin could begin in 2021, said at the international geotechnical...
 In DVZHD called the approximate time of construction of a bridge to Sakhalin


In DVZHD called the approximate time of construction of a bridge to SakhalinThe construction of a bridge to Sakhalin, if it is decided to build, will begin in 2021 and will last...

In Salisbury two people were hospitalized because of "an unknown substance"


In Salisbury two people were hospitalized because of "an unknown substance"Law enforcement agencies in the English County of Wiltshire, said Wednesday morning on the "serious incident"...
 In the Swedish örebro shooting occurred


In the Swedish örebro shooting occurredIn the end a firefight in Orebro, 200 kilometers from Stockholm damaged citizens. About it reported in...

  Politics 
Sort by: date rating
When the bus collision with a truck in the Stavropol region injured at least 15 peopleWhen the bus collision with a truck in the Stavropol region injured 15 people
Butino sent to the prison in shacklesTrump a minute explained why he needed the meeting with world leaders
Sands had held talks Putin and MerkelThe media reported on the willingness of the U.S. to impose sanctions against the "Nord stream - 2"
Putin noted the importance of the "Nord stream - 2" for EuropePutin noted the importance of the "Nord stream - 2" for Europe"The mechanic Pogodin" blocked in the port of Kherson for three years
Details became known of the detention, "the Mechanic Pogodin" in KhersonLukashenko sacked the leadership of the government of BelarusLukashenko sacked the leadership of the government of Belarus
Germany will not abandon the "Nord stream - 2" because of the United States, said the head of the SPDGermany will not abandon the "Nord stream - 2" because of the United States, said the head of the SPDIn Poland flipped a bus with the Ukrainians.In Poland flipped a bus with the Ukrainians.
The death toll in the collapse of a bridge in Genoa rose to 41 people?andIn the Crimea, told about the interest of Ukrainian tourists to the bridge across the Kerch Strait
Beijing protested over the publication of the Pentagon report on the Chinese armyThe US Senate found no evidence of collusion trump with Russia
Ukraine responded to the accusations by the U.S. media of treasonThe crew of "the Mechanic Pogodin" thwarted a third attempt of the Ukrainians to get on Board
The Russian economy has coped with the new US sanctions, said FitchZakharov responded to the US decision not to Fund aid programs for Syria
 1  2  3  4  5  6  7  8  9  10 >> 5470
 Day headline Day headline 
Kadyrov arrived in Saudi Arabia to meet with king

20 of August, 00:04

 
 News of the week News of the Week 
  • In Kharkiv, unidentified men opened fire on the police
  • Kadyrov arrived in Saudi Arabia to meet with king
  • Ukraine responded to the accusations by the US with treason
  • The Kremlin has denied reports about Putin's plans to attend the wedding of the shredder
  • Employees of RSC Energia was suspected of bribery
  • In Afghanistan, about 100 soldiers were missing after Taliban attack*
  • When the bus collision with a truck in the Stavropol region injured at least 15 people
  • When the bus collision with a truck in the Stavropol region injured 15 people
  • On Sakhalin the workers had stopped in the collapse of the roof of the former factory
  • Butino sent to the prison in shackles

  •  Photos Photos 
    Top 10 Expensive Cars in the World 2010
    Fear for Husband`s Death, Sharon Osbourne Enjoys Every Moment With Him
    Celebrities Who Date & Marry `Average Joes`
    Amy lad dead for 6 hours
    First Look of Jessica Simpson`s `The Price of Beauty`
    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