Russia does not rule out further strengthening of the ruble exchange rate

The probability of maintaining the dollar exchange rate in the corridor of 87-90 rubles remains high, while the cost of a unit of American currency may fall by another 5-7 percent, didn’t rule it out in a conversation with Gazeta.Ru, head of the analytical department Bank “Zenith” Vladimir Evstifeev.

The announced indicator of possible further strengthening of the exchange rate corresponds to 83-85 rubles per dollar, journalists note. In general, the expert expects “even more comfortable levels for purchasing currencies in the medium term.”

On November 15, the dollar fell below 89 rubles for the first time since July 4. Over the month, the ruble strengthened against the American currency by more than 10 percent. The dynamics continue even in a situation of declining world oil prices. According to experts, the influence on it provide measures previously taken to stabilize the national currency exchange rate. First of all, this is the introduction of mandatory sales of foreign currency earnings of exporters and an increase in the key rate Central Bank.

Earlier this week, BitRiver financial analyst Vladislav Antonov predicted that in the near future the ruble exchange rate will save stability due to high interest rates and the influx of foreign currency export earnings.

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