The dollar at the opening of trading of the Moscow exchange grew to 63,28 ruble

MOSCOW, November 5. The dollar against the ruble on the Moscow stock exchange in early trading on Thursday (as of 10:25 Moscow time) increased in comparison with level of closing previous trading at 65 cents and $ 63,28 ruble. The Euro gained 4 kopecks to the level of 68,71 ruble.

On Thursday, the price of a futures contract with delivery in December for oil grade Brent crude on the ICE stock exchange in London has risen by 0.25% to the $48.7 per barrel. In the next few days, a negative impact on the national currency rate will have a strengthening of the dollar against the Euro and the latest data on the oil market, pointing to the increase of oil reserves in the U.S. last week, according to the Professor of the Department of financial management REU them.G.In.Plekhanov Alexey Shavrukov.

Thus, according to the U.S. Department of energy, the oil reserves in the country during the week 26 to 30 October increased by 2,847 million barrels when expectations of the growth rate of 2,787 million barrels. “However, the effect of these factors will be short term and will not have a significant impact on the positive dynamics of capital flows to emerging markets in General and in Russia in particular. It is likely that a favorable scenario and in the absence of external shocks, the national currency will be in the range of 61 to 63 rubles per dollar and 67 to 69 rubles per Euro,” predicts Shavrukov.