Economic news in Russia September 27: continuing decline of the ruble and the dollar, meanwhile, took another high – Independent online edition of “DAYS”

Economic news in Russia September 27: continuing decline of the ruble and the dollar, meanwhile, took another high – Independent online edition of "DAYS"

Dollar updated its maximum, rising as a result of trading to a level of 38.96 rubles, but the previous high was 38.93 rubles, which was taken during the bidding for the 16 of this month. The Bank of Russia has published the official exchange rate of the dollar, the euro and the ruble Russia over the coming weekend and Monday. As for the euro, the rate increased by 49.37 kopecks. and amounts to 49.34 rubles, and the dollar has increased by 42.36 kopecks. and amounts to 38.72 rubles.

The currency basket has increased its price by 46 cents, and now it is 43.50 rubles, relative to the testimony on Friday. The fall of the ruble was due to the fears of investors and depositors, related to the arrest of shares “Bashneft”. Closing the tax period also had a negative impact for the ruble due to speculative pressure on the ruble.

The strengthening of the dollar has also occurred in the global market. The dollar index close to four-year high and amounted to 85,278.
According to Interfax, Alexei Ulyukayev, Minister of Economic Development, said that the ruble is very oversold and in the future can be expected to strengthen it.

The Government has approved an average annual rate for 2015, 2016 and 2017, it will be 37.7 rubles, 38.7 and 39.5 of the ruble rubles per dollar, respectively, according to their socio-economic development. This year, the depreciation of the ruble against the dollar by 18%. Capital Economics experts are three main reasons for what is happening.

The main reason – reducing the cost of crude oil and petroleum products. The second reason – the withdrawal of capital. In the first, second and third quarter of Russia flowed 49 billion. Dollars, 26 billion. Dollars and 30 billion. Dollars respectively. In the end, the reluctance of the Central Bank to contain inflation and thereby to support the ruble. Ministry of Economic Development in the forecast for 2016-2017 does not deny that the fall of Urals oil may hit $ 90 per barrel, which could trigger a rise in the dollar to 42.8 rubles in 2017.
Source: http://dni.com.ua