In the calculation of the overnight interest rate in the Russian interbank market RUONIA was accounted for transaction volume of 131,57 billion rubles, according to data from the Bank of Russia.
MOSCOW, 9 Nov. Indicative ruble Deposit rate overnight the Russian interbank market RUONIA (Ruble OverNight Index Average) on Friday, November 6, increased by 0.14 percentage points and amounted to is 11.39% per annum, according to data from the Bank of Russia.
In the calculation of rates were taken into account the transaction volume 131,57 billion.
RUONIA reflects an assessment of the cost of unsecured borrowing of banks with minimal credit risk. Rate calculated by the Bank of Russia on methodology developed by the National foreign exchange Association (NFEA) together with the Central Bank, on the basis of information on Deposit transactions of banks-participants among themselves.
The list of banks participating in RUONIA is formed NCA and currently includes about 30 credit institutions. The Bank of Russia uses the RUONIA rate as one of the indicators in analyzing the effectiveness of its interest rate policy.