The ruble fell against the dollar and the Euro on expectations of the decision of the Central Bank at a rate

Moscow. April 28. The U.S. dollar and the Euro are rising at the opening of trading on the Moscow stock exchange on Friday morning; the ruble declines against the currency basket on expectations of bidders possible reduction in key rates at this meeting, the Central Bank of the Russian Federation.

The first transactions in US dollar were in the range 56,92-57,07 rubles/$1, in the first minutes of trading the course is made up 57.07 RUB/$1 (+10 kopecks to the previous closing). Euro climbs to 62,12 rubles/EUR1 (+16.8 cents), the value of the currency basket rose by 13.04 kopecks relative to Monday’s closing level, to of 59.34 rubles.

The dollar has been on 10 and 19 kopecks above the level of the current official exchange rate of Euro 4.9 kopecks above the official rate.

According to experts of “Interfax-CEA”, the ruble declines against the dollar and Euro in connection with the rate cut expectations at today’s meeting of the Central Bank of the Russian Federation, the possibility that previously stated the head of the Bank of Russia Elvira Nabiullina. The bidders don’t pay much attention to oil prices, which recovered on Friday after another fall yesterday. The price of July futures for Brent crude on London’s ICE Futures exchange at 10:01 MSK increased by 0.83% to $52,25 per barrel. The June contract for WTI crude oil in electronic trading on the new York Mercantile exchange (NYMEX) rose by 0.96% to $49,44 per barrel. On Thursday, oil prices fell to month lows due to the resumption of production in Libya.