The ruble exchange rate is continuing its fall.
As of 10:05 on the Moscow stock exchange dollar went up by 1.47 rubles, and now stands at 70.58 rubles.
The euro reached a level of 80.80 rubles, adding 2.16 rubles since the start of trading.
As chairman of the board of the National Currency Organization, Dmitry Piskulov, noted in an interview with a correspondent of Vestnik Kavkaza, to date, the main "negative factor affecting the exchange rate is the low price of oil." "As long as oil does not return to a level above 60 dollars per barrel, we will not see a sustainable tendency of a strengthening of the ruble," he said.
The head of the department of stock markets and financial engineering of the Faculty of Finance and the Banking Business of RANHiGS, Konstantin Korischenko also tends to associate the event with the drop in oil prices, "which are now at a level of 45 dollars per barrel." "Actually, this is roughly equivalent to 70 rubles per dollar," he said.
In his turn, the associate professor of the department of finance, money circulation and credit of RANHiGS Maxim Safonov, believes that "unfortunately, we are now ending the most useless quarter, just like, indeed, it was in December." "There is a problem with the presence of foreign currency earnings and their volumes," he explained.
