The dollar rose above 61 rubles after lowering the key rate of the Central Bank – RBC

Photo: Yekaterina Kuzmina / RBC

The exchange rate of the dollar on the Moscow Stock Exchange crossed the mark of 61 rubles. after the announcement of the Central Bank cut the key rate to 11%. Above this level the dollar did not rise from March 18. Russian currency continued to fall in price after the decision of the Central Bank of lowering the key rate by 0.5 percentage points to 11%.

As of 14:22 MSK US currency was worth 61.12 rubles. per dollar. This 1.3 rubles. higher than at the close of trading yesterday (+ 2.31%). The maximum value of the dollar after the rate cut was 61.15 rubles. During today’s session, its lowest price dropped to 59.88 rubles.

The euro also shows growth after the rate decision of the Central Bank. Currency eurozone broke the mark of 67 rubles., Reaching 67.16 rubles. at the maximum. This was followed by a slight strengthening of the ruble. As of 14:27 MSK euro was worth 66.93 rubles. Minimum its importance in today’s trading amounted to 65.53 rubles.

The head of currency trading BCS Mulberger Alexander noted that the fall of the ruble due to the continued decline in oil prices. “The decrease in the ruble exchange rate influenced the decision of the Central Bank to reduce the rate to 11%. Although the market has already played this expectation, but apparently, the players still hope to maintain rates at the same level “, – he explained the trader.

September futures for North Sea Brent crude oil in the course of today’s trading fell below $ 53 / bbl. At 14:35 MSK barrel of oil cost $ 52.81. This is 0.93% lower than yesterday’s closing price.

Trader “Renaissance Capital” Levon Atnasyan also linked to the negative dynamics of the ruble falling oil prices and the decision of the Central Bank rate. According to him, to this opinion in the market with respect to lowering the rate of the Central Bank was about 50/50. “Now members such sentiments that the ruble is not expected. If the oil starts to grow, the ruble will continue to fall “, – he predicted.

From July 28 the Bank of Russia has suspended operations in the replenishment of international reserves. The regulator explained the decision to stay the weakening of the ruble. In the decision of the Central Bank followed a rebound value of the Russian currency. However, after a sharp strengthening of the ruble resumed its fall.