The dollar exceeded 63 rubles for the first time since October 14


MOSCOW, October 21. Dollar rate to ruble during trading on the Moscow exchange on Wednesday increased in comparison with level of closing of previous trading session by 1.01% 63,12 ruble.

The Euro rose to 91 penny to 71.4 ruble.

The dollar rose to its highest mark since October 14.

Oil becomes cheaper that puts pressure on the ruble.

So, in the course of trading on the exchange ICE in London the cost of futures for oil of mark Brent with delivery in December fell by 1.01% to 48.2 per barrel.

“Oil at $50 is for years”

Russia entered a long period of low commodity prices, the price of oil at $50 a barrel – it’s for years, said earlier the Minister of economic development of Russia Alexei Ulyukayev.

“From my point of view, we have entered a long period of low commodity prices, long commodity cycle where we are now and will be for several years. Relatively speaking, the price of oil is 50 dollars and 50 plus is for years,” he said at the conference “Russian non-commodity exports. The vector of economic development”.

Why the ruble falls. Projections and estimates. Special project