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The expert named the ranges of the ruble exchange rate for the current week

Sobolev: the ruble will maintain its position in the range of 75-79.5 per dollar
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Photo: IZVESTIA/Sergey Lantyukhov
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This week, trading is expected to continue in the range of 75-79.50 rubles per dollar, 88.50–93.70 rubles per euro and 10.70–11.40 rubles per yuan. Spartak Sobolev, head of the Alfa-Forex Investment Strategy Research Department, told Izvestia about this on March 2.

On February 28, the Central Bank of the Russian Federation set the exchange rate of the American currency at 77.2 rubles, the European currency at 91.2 rubles, and the Chinese currency at 11.2 rubles. At the same time, according to the Moscow Exchange, on March 2, the yuan is trading at 11.2 rubles.

"The government's plans to tighten budget rules may put pressure on the national currency, while rising oil prices on the world market will traditionally act as a supportive factor. As the Central Bank's March 20 meeting approaches, expectations of further smooth monetary policy easing may affect the market, reducing interest in its purchases," the expert concluded.

On February 28, Kaplan Panes, deputy chairman of the State Duma Committee on Budget and Taxes, said that analysts' expectations for the dollar exchange rate might not be justified, and then the value of the US currency could rise to the range of 80-83 rubles. In February, the ruble was supported by sales of foreign currency and gold by the Ministry of Finance under the budget rule, which, taking into account adjustments by the Central Bank of Russia, amounts to 16.5 billion rubles per day until March 5. The key rate has been at 15.5% since February 13, which keeps demand for ruble-denominated instruments.

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