Rouble continues to grow in pairing with USD

With the start of the trading session at the MICEX currency section, the Russian Rouble rate continues to grow in pairing with the USD and Unified European currency, supported by ascending trend in oil prices.

Thus, trading session for the USD started at the level of 29.39 roubles, which is 5 kopeks less than the level yesterday; the Euro started movement at the level of 40.6 roubles, (-7 kopeks.)

Dual currency basket value continued to decline today, it has lost 6 kopeks and amounted to 34.44 roubles.

Therefore, oil prices, which are rising due to the instability in the Middle East, still remain the main factor of support for the Rouble.

Presumably the pair Rouble/Dollar will be in the channel of 29.25-29.50 roubles for the USD at the trading session on Thursday.

 

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