MOSCOW, January 11. The ruble exchange rate will stabilize by the end of the first quarter of 2016, expects the President-Chairman of the Board of VTB 24 Mikhail Zadornov. Such a forecast he made on air of TV channel “Russia 1”.
“The first week of January, still nothing. The first quarter of any year for the Russian balance of payments, namely the balance of payments determines the exchange rate of the ruble, the strongest,” said Zadornov.
Brent price fell 12% since the beginning of 2016, Atanov the ruble and the Russian stock market
“In my opinion, by the end of the first quarter we will see a stronger ruble than on January 11-12,” concluded the head of VTB 24.
The price of Brent crude oil fell for the first 6 trading days of 2016 by 12%, Atanov the ruble and the Russian stock market.
The dollar against the ruble on the Moscow stock exchange at the opening of trading increased in comparison with level of closing of previous trading session by 1.55 rubles and amounted to 76,31 rubles, exceeding the mark of 76 rubles for the first time since December 16, 2014.
The Euro soared to 3.35% 83,97 mark of the ruble.