Experts explained the ruble depreciation

The ruble exchange rate has declined under the influence of several factors, including the increased demand for foreign currency and the situation with geopolitics, which has aggravated in recent weeks, Mikhail Zeltser, stock market expert at BKS Investment World, told "Izvestia" on November 27.

The Central Bank of the Russian Federation (CBR) set the official dollar rate at 105 rubles on November 27, while the euro - 110.49 rubles. November 1, the dollar cost Br97, while the euro - Br105.5.

As explained by Seltzer, the national currency has weakened against the background of low supply of currency from exporters and high demand for foreign currency for imports. In addition, speculative purchases of currency by active stockbrokers have an impact.

"[The] aggravated geopolitics in recent weeks and new sanctions against banks have sharply increased uncertainty and disrupted the mechanisms of settlements for exports", - said the expert.

According to him, the option of the dollar's return to the level of 100 rubles or even to the double-digit area remains basic.

"It seems that the current weakening of the ruble is quite satisfactory to the Kremlin, because, other things being equal, it allows filling the budget with rubles. When the authorities wanted a stronger ruble, the government would issue a decree to tighten currency controls on exporters, as it did in October 2023. But now the government, on the contrary, is easing the requirements for control over currency flows, which means they need a weaker ruble exchange rate," added in turn, analyst of FG "Finam" Alexander Potavin.

The expert expressed hope that in the coming month, the pair USD/RUB will not go beyond Br100-110.

Earlier, on October 7, Capital Lab partner Evgeny Shatov told "Izvestia" that the ruble is supported by a number of circumstances. Among them, the tight monetary policy of the Central Bank's Board of Directors remains an important factor.