Rouble continues recouping its losses in pairing with the USD gradually

With the start of the trading session at the MICEX currency section on Thursday, the Russian Rouble rate continued recouping its losses in pairing with the USD gradually on the back of oil prices’ growth and world financial markets’ stability. The Central Bank also made its contribution to the Russian Rouble rate stabilization pouring about USD8 bln into the market for 5 days.

Thus, trading session for the USD started at the level of 32.48 roubles, which is 8 kopeks lower than yesterday’s closing level; the EUR started practically unchanged at the level of 43.7 roubles.

Dual currency basket value amounted to 37.37 roubles today, close to Wednesday’s closing levels.

Thus comparative traders’ sentiment recovery and wait-and-see attitude ahead of the ECB meeting midday allow the RUB to recoup some of its losses.

Presumably, the pair Dollar/Rouble will be in the channel of 32.40-32.55 Roubles for the USD at the trading session on Thursday.