The Russian ruble fell to the bottom

In the future the introduction of Western sanctions against the Russian ruble started its decline, in consequence of which reached the lowest limit. Among other things, the ruble has responded to the closure of the external capital markets and the lowering of tariffs on oil.

Experts of the currency market report that in perspective, the difficult situation in the world Russian currency began to take positions and to decrease very quickly. Firstly this situation can be explained by the fact that the Russian ruble started to fall in consequence of the closing of foreign markets and in consequence considerable drop tariffs on oil. Some experts believe that a similar reaction of the Russian currency was allowed to balance the economy and weakening of the ruble is not expected.

Note that now Moscow exchange dollar calculations tomorrow is trading at around 39,74 ruble, 8 cents higher than the value of the previous day closing. In the bidding process, the U.S. currency has reached the ultimate level, exceeding the signs on 30 September, when $ 1 was issued 39,66 ruble. Since that time, it is one of the most not too noticeable rise in prices, as the dollar every day added to the cost of about 30 cents. The Euro to 11:38 MSK reached repossessed a 50.01 ruble that only 9 cents above the closing values of the previous day.

Additionally, for the first time in a long time pointers domestic market increased a little. The RTS index gained 0.15 percent against the closing of the previous day, the MICEX index has increased by 0.36%. Besides all this, rose shares of large Russian companies, such as Sberbank, Gazprom, LUKOIL, VTB.

This financial situation that happens with the Russian currency commented the Deputy Minister of Finance of Russia Alexey Moiseev. He stressed that his opinion is not classified departmental monitoring. "My own expert expectations - course at the moment has reached its own bottom and most likely will be strengthened" - quoted Moses TASS.

The decline of the ruble, which was observed in recent months, helped to adapt the economy to reduce tariffs on oil and closure of the external capital markets, says the Deputy head of the Ministry of Finance. "Free policy is a major stabilizer of the economy in terms of volatility of tariffs on oil and tasks attracting external funding. We saw, as the ruble has responded to the closure of the external capital markets and the fall in oil tariffs. This reaction was allowed to balance the economy and to provide foreign exchange inflows on the current account. This is a pivotal moment for the stability of the economy, even on the basis of beliefs budget, for which the reduction of tariffs on oil in the familiar largely offset by the depreciation of the ruble, and Vice versa," concluded the Minister.

sections: Economics