The Euro exchange rate exceeded 70 rubles

MOSCOW, October 27. The Euro against the ruble during trading on the Moscow stock exchange rose today in comparison with level of closing previous trading 71 penny to 70,36 ruble, surpassing the mark of 70 rubles.

The dollar jumped to 1.86% 64,83 ruble. However, immediately after that, the U.S. currency fell to 63,44 of the ruble, which is 47 cents above the closing of yesterday’s trading.

The MICEX index at the opening of trading of the Moscow exchange on Tuesday fell by 0.4% to 1705,03 item.

Russian ruble on Monday followed the trends in the oil market and stopped to show his strength, which previously could be partially linked to the notorious tax period, says expert “BCS Express” Vasiliy Karpunin. “The dollar/ruble rose in the area is 63 rubles, and, respectively, the technical picture now is likely to contribute to continued growth. In particular, is to provide the following guidance on the area of 64 rubles per dollar”, – the expert believes.

The ruble depreciates amid declining oil prices. Today during trading on the exchange ICE in London the cost of futures for oil of mark Brent with delivery in December fell by 0.76% to 47,18 dollars per barrel.

“Given the expectations weekly data on stocks of oil and rig count and the reduction in oil prices to 47.2 dollars per barrel, we see no way to strengthen the ruble after sales early in the week,” adds the Director of the analytical Department of the IR “Golden Hills – Kapital AM” Mikhail Krylov.