Financial market demonstrate stability
According to the data of the exchange, the Russian stock market weakly
reacted to the statement about the possible resignation of Finance
Minister Alexei Kudrin, and the currency market practically ignored it ,
RIA Novosti reported.
President Dmitry Medvedev proposed to Kudrin to resign if he does not
agree with his policies. On Sunday, the finance minister said that he
does not see himself in the government of Medvedev because of
disagreements on some issues, primarily on military spending.
After these statements the MICEX index dropped from 1369 points to
1353 points and the RTS index - from 1339 points to 1324 points. Thus,
the decline in major indices amounted to about 1%. In this case at the
moment of closing the market was still in positive at 0,8-2,2%
Dollar exchange rate continued to trade near the mark of 32.4 rubles,
Euro - about 43.6 rubles, currency basket worth 37.48 rubles.
Russian President Dmitry Medvedev on Monday at a meeting on economic
issues urged not to panic due to the instability in global financial
markets and closely monitor the current situation.
