Rouble remains under pressure in pairing with USD

With the start of the trading session at the MICEX currency section, the Russian Rouble rate has recovered slightly from yesterday’s downfall, however it is still under pressure due to high possibility of political instability

The trading session for the USD started at the level of 31.15 roubles, which is 2 kopeks less than yesterday’s closing level; while the EUR started at 41.8 roubles (+10 kopeks).

Dual currency basket value amounted to 36 roubles (+6 kopeks).

Therefore, despite some growth of the pair EUR/USD and favourable oil prices this morning, the Rouble is not able to regain fully from yesterday’s sales, as political tension is not in favour of the Rouble.

Presumably, the pair Dollar/Rouble will be in the channel of 31.10-31.30 Roubles for USD at the trading session on Wednesday.