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26 of June, 19:27

Ruble increases, trying to stay near five-month highs
Dmitry Mayorov. The rouble on Thursday evening strengthened To levels last closed, offsetting the morning reduction, factor tax payments and the prospects for peace in the East of Ukraine continue to support the national currency of the Russian Federation.

The dollar exchange rate calculations " tomorrow " To 18. 43 GMT were down by 5 kopecks to 33, 70 roubles, the Euro Rate on 22 copecks - up to 45, 79 ruble, follows from the data of the capital market. The cost of the currency basket (0, 55 dollars and 0.45 euros) was decreased by 12 kopecks in comparison with level of the last closed and amounted to 39, 14 of the ruble.

The dollar exchange rate calculations " today " on Thursday increased by 1 kopeck to 33, 72 rouble, the Euro Rate decreased by 19 cents to 45, 84 rubles. The Euro on the Forex To 18. 42 GMT was equal to 1, 3595 dollar against 1, 3630 dollar at the previous closing.


The rouble on Thursday showed mostly upward. However, with the dawn of the ruble bears tried to seize the initiative and correct the entrenched in the last days the Rouble. Difficulties in the process of establishing a peaceful resolution of the conflict situation in the East of Ukraine and threatening because of this punishment Russia from the West gave rise to play for a fall of the Russian currency.

However, the demand for rubles (against sale of export revenues in the Tax period in Russia) in the 2nd part of the day was taken over, and the Ruble again went to growing. Support the rouble this has had another message, ponyzivka geopolitical risks. Thus, the head of Ukraine Petro Poroshenko said on Thursday, speaking at the PACE that Authorized the Eastern regions confirmed their intention to participate in tripartite negotiations Russia-Ukraine-the OSCE.

as a result, the Cost of the currency basket is very close with at least the twentieth of January - 39, 10 of the ruble, reached on 24 June. So, this index, which is eyed by the CBR in its exchange rate policy, started trying to gain a foothold in the lower part of the floating corridor, satisfying the financial regulator (36, 4-43, 4 roubles).


The cost of the currency basket against the ruble may have found its bottom, believes Evgeny Koshelev of ROSBANK.

" The tax period is not over yet, but significant for the currency market of mineral extraction tax was paid yesterday. Russia's efforts to de-escalate the conflict in the South-East of Ukraine do not find effective support of the Western partners. The danger point of punishments regarding the economic industries of the Russian Federation is saved, and to begin a constructive dialogue until't, " added Koshelev.

Currently taking place in the currency market of the Russian Federation processes are of a speculative nature, considers the chief of analytical Department of " Capital " Andrey Verholancev." The strengthening of the ruble is short-term and due to three factors: high oil prices, a slight stabilization of the political situation in Ukraine and period of tax payments ", - he said.

" By the end of the year the situation will change drastically. The Central Bank announced a transition (By the beginning of 2015) the free exchange rate formation of the Russian currency. However, the factors that in the long term are playing against the rouble, has not disappeared. This high inflation, and in practice zero growth of economic indicators. It is unlikely that monetary authorities will manage to fit into the target inflation indicator at the level of 6%. So, By the end of the year the Rouble will weaken again to 35, 5 rubles per dollar, " said Verholancev.

sections: Politics

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