Russian Banks sell almost $1.8bn at UTS

Published: 5 November 2004 y., Friday
After the first hour and a half of trade at today's special session on tomorrow deals, the weighted average dollar exchange rate amounted to 28.77 RUR/USD. As such, the official dollar exchange rate for November 5 has lost RUR0.01. Amid an enormous trade volume that reached $1.771bn at the UTS as of 11:30 a.m., the spread on dollar deals amounted to only RUR0.01. As reported earlier, the trade volume was $95m at this time yesterday. At present, commercial banks are selling dollars due to the dollar's considerable drop on the world market. As a result, the present supply of dollars after the first 90 minutes of trade is the highest since the beginning of dollar trade on MICEX. Today, the Russian Central Bank is participating in the MICEX currency trade and is buying dollars at 28.765 RUR/USD on tomorrow deals, an expert told RBC TV. According to him, the results of the US presidential election affected today's trade indirectly. In particular, the euro has increased to $1.28, thus putting additional pressure on the dollar. The expert believes, that the situation on the domestic currency market will depend on the international market because this is the only factor of uncertainty that can cause the Central Bank to change its level of dollar support.
Šaltinis: RBC
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

European Globalisation Fund set to help workers in clothing industries in Spain

The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF). more »

European Commission calls for saving time and money in cross-border legal disputes through mediation

The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level. more »

New opportunities for export of animal products to Russia as certificates enter into force

Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15. more »

World Bank President Zoellick Completes Two-Day Visit To Moldova

World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat. more »

Profit of the first half of 2010 before loan impairment charges of Danske Bank A/S Lithuania branch is 28m LTL

These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB). more »

First European Investment Bank loan to Armenia for Yerevan metro upgrade

The European Investment Bank (EIB) today signed its first loan agreement with Armenia. more »

Commission releases €14.9 million for food security to the Republic of Niger

Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area. more »

Commission approves the acquisition of joint control of Arnotts by Anglo Irish Bank and RBS

The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS). more »

European Commission approves €135 million in grants to Morocco for 2010

The European Commission today approved a new financial support package of €135 million for Morocco. more »

The Commission allocates an additional €10 million package in humanitarian aid for Liberia

The European Commission is allocating an extra €10 million in humanitarian aid for Liberia. more »