Dollar exchange rate in the course of trading dropped to 51 rubles – BBC Russian

• 10 April 2015
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In April, the dollar fell against the ruble by 11%

The euro at the opening of trading on Friday fell below 54 rubles – to the lowest since November 3 last year, the opening of trading on the dollar fell below 51 rubles.

In April, the dollar fell against the ruble by 11%, the euro – 12%, and from the peak reached in early February – by 25 and 28%, respectively.

The ruble is growing at auction for the fifth day in a row. This occurs including thanks to the growth in world oil prices.

During the morning trading on the London Stock Exchange ICE Futures price of May futures for Brent crude oil was $ 56.75 per barrel.

Earlier, Director of the Department of monetary policy of the Central Bank of the Russian Igor Dmitriev said that the strengthening of the ruble does not harm the financial stability of the country.

The head of the Ministry of Economic Development Alexei Ulyukayev said that the exchange rate back to its fundamental values, and the chairman of the Bank of Russia Nabiullina among the reasons for the strengthening of the ruble in the first quarter 2015 called the stabilization of oil prices and the completion of the peak payments on foreign debts.

Earlier, the ministry BBC Russian Service reported that they expect the possibility of further strengthening of the ruble. According to authorities, the devaluation and inflation sentiment largely come to an end. There do not rule out that the situation in the economy will be much more positive than previously thought: well, GDP can not fall by 3% per annum and 2.5%, while the average annual inflation rate will be at 16.7%, and 12% .

However, the experts one of the main reasons for such a strong ruble called speculative capital inflows to the Russian bond market.

According to Bloomberg, the short-term currency transactions on the ruble has brought investors this year 22 % of income, which is the highest in the world, ahead of the second performance the fastest growing currency in 2015 – Indian rupee – six times.