The analyst spoke about the stability of the ruble until October

The ruble has been demonstrating stability in recent days due to the tax period, the weakness of the dollar and expectations of the Bank of Russia's key interest rate decisions. As Alexander Schneiderman, head of Alfa-Forex's customer support and sales department, noted, the base scenario for October 24 assumes that the rate will remain at 17%, which supports the national currency exchange rate.

"In the short term, ruble-denominated instruments will be attractive due to their profitability. But it is premature to count on long—term strengthening," the expert said.

He told the Prime agency that the optimal strategy remains to fix income in short-term investments and moderate diversification into foreign currency assets.

According to him, the risks for the ruble are related to the expansion of imports, lower oil prices and sanctions pressure. Under such conditions, the national currency may remain strong until mid-autumn, but then return to the range of 82-85 rubles per dollar.

The news is being updated