Rouble goes up in pairing with USD on Tuesday

With the start of the trading session at the MICEX currency section, the Russian Rouble rate went up in pairing with the USD, amid relatively quiet external background and the rise in oil prices. 

Thus, trading session for the USD started at the level of 29.02 roubles, which is 8 kopeks less than yesterday’s closing level; the EUR started at the level of 41.75 roubles (-10 kopeks). Dual currency basket value r amounted to 34.76 roubles today (-8 kopeks.).

Therefore, wait and see attitude of the majority of investors, which was triggered by anticipations of the developments at the end of the week and presentation of the U.S. FR chairman, Mr. Bernanke, has contributed to the growth of the Rouble.  Presumably, the pair Dollar/Rouble will not be in the channel of 28.90-29.10 Roubles for the USD at the trading session on Tuesday.