The dollar on the Moscow stock exchange began trading at around 63 ruble

MOSCOW, October 14. The dollar against the ruble on the Moscow stock exchange at the opening of trading on Wednesday has increased in comparison with level of closing previous trading at 4 cents to 63,07 ruble.

The dollar exceeded 63 rubles in the evening of 13 October amid falling oil prices and Wednesday is fixed above this mark.

“With the help of weak oil course dutifully went up to the level 63-63,40 rubles per dollar. If this range is passed, then the calculated levels of resistance will move the round marks 64 and 65 rubles”, – believes the expert of “BCS Express” Vasiliy Karpunin.

On October 14 in the course of trading on the exchange ICE in London the cost of futures for oil of mark Brent with delivery in November fell by 0.08% to $49.2 per barrel.

The MICEX index at the opening of trading of the Moscow exchange on Wednesday fell by 0.4% to 1713,5 item.

The official rate

The Bank of Russia on Tuesday established on October 14, the official dollar exchange rate at the level 62,2237 ruble 1 ruble 7,02 copecks above the previous indicator. The official Euro exchange rate was raised to 1 ruble kopecks to 34,78 70,8977 ruble.

The value of the currency basket ($0.55 and €0.45 m), calculated at the official exchange rates, increased by 1 rouble to 19.51 cents to 66,1270 ruble.

Yudaeva: free floating of the ruble has accelerated economic adaptation to low oil prices

Speaking about the situation in the economy on 24 September, the first Deputy Chairman of the Central Bank Ksenia Yudaeva said that the transition to a free floating ruble accelerated economic adaptation to low oil prices.

“The transition to a floating exchange rate have helped to speed up the initial adaptation of the economy to low prices for raw materials and was a key factor in the adaptation of the balance of payments,” she said.

The Bank of Russia from November 10, 2014 abolished the previously existing mechanism of exchange rate policy and completed the transition to the floating exchange rate regime.

The fall of the ruble began in the second half of 2014, while from June to December, the Russian currency has fallen against the dollar by 2.2 times. However, since the beginning of February of 2015, the ruble has turned to growth and by may has risen in price to dollar by 30%. In may the dollar exchange rate repeatedly dropped below 49 rubles, however then the American currency has returned to growth.