Friday, August 21, 2015

The euro exchange rate has exceeded 78 rubles – BBC Russian

Euro in trading on the Moscow stock exchange on Friday, the first time since the beginning of February exceeded 78 rubles.

By 18:53 Moscow time the euro rate reached 78.15 ruble, rising to 2.76 ruble in relation to the previous close. The dollar rose by 0.82 ruble, reaching 68.78 rubles.

The fall of the Russian national currency against the background of falling world oil prices, which fell to a six-year low.

October Futures for Brent crude on London’s ICE Futures exchange fell on Friday to a level of 45.2 dollars per barrel.

Analysts attribute another decline in oil prices since the publication of data US Energy Information Administration, according to which during the week 7 August 14, crude oil inventories in the country grew by 2.6 million barrels.

Experts interviewed by the BBC B, recalled that at the exchange rate have a significant impact not only international oil prices, but also Other indicators: macroeconomic factors, the economy and geopolitics. Analysts predict that the dollar can cost 70-80 rubles to the end of the year.

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