Cbank sees ruble volatility temporary, has tools to keep stability - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Cbank sees ruble volatility temporary, has tools to keep stability

MOSCOW, Aug 9 (PRIME) -- The ruble volatility of the last few days is only temporary, caused by the news about new potential sanctions but sales of foreign currency revenue by Russian exporters will support the rate, the central bank said in a statement on Friday.

The U.S. dollar and euro jumped by about 5% against the ruble per day on Wednesday and Thursday.

УThe higher volatility of the ruble of the past few days is a natural reaction of the financial market to the news about potential sanctions on the background of changes in global financial markets. Similar volatility episodes already happened beforeЕand were temporary. The ruble is still supported by significant sales of export revenue in foreign currencies,Ф the authority said.

The regulator monitors the market situation and adjusts purchases of foreign currency revenue. УThe Bank of Russia has enough instruments to prevent threats to financial stability,Ф the authority said.

Earlier in the day, the central bank said halved daily purchases of foreign currency in favor of the Finance Ministry under the budget rule to 8.4 billion rubles from 16.7 billion rubles.

(66.2856 rubles Ц U.S. $1)


10.08.2018 11:16
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.9232 -0.3208 20 apr
USD 63.9602 -0.1086 20 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1260.82 -0.12 18:50 19 apr
micex 2563.90 +0.12 18:50 19 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 162.57 +0.48 18:49 19 apr
lkoh 5602.00 -0.14 18:48 19 apr
rosn 432.00 -0.84 18:49 19 apr
sber 232.60 -0.08 18:49 19 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 64.0125 +0.0400 17:44 19 apr