Today, under pressure from retailers bivalyutnaya basket went down again, otygryvaya part of yesterday's backlog

Written by admin on June 13th, 2009

Yesterday ruble rate in the money market was quite high by the standards of recent times. The morning opening in the vicinity of 6.5-7.0% gave way to rising levels of 7.0-7.5% in the region of 11-12 hours of the day, after which the market has adjusted a bit, and the closure members in the range of 6.5-7.0%. In the segment of foreign exchange rate swaps were originally above - the opening was held in the region of 7.0-8.0% and between 11 and 12 rubles a clock value reaches 9% or even slightly higher. In the afternoon, a little excitement улегся, but closed it still does not lower - in the range of 7.0-8.0%.

Yesterday brought the decline in cash balances on deposits of credit institutions, they fell from RUR538.3 billion to RUR478.0 billion, correspondent with the grown up with RUR387.9 billion to RUR408.6 billion debt principal tools Central Bank refinancing has not changed.

Yesterday's placement means the Central Bank for 5 weeks have passed without the buzz. Participants received RUR13.3 billion of the proposed RUR25 billion at an average rate of 14.07%. The minimum bid auction was 13.50%, it also became a rate cut, which means: the Central Bank approved all submitted applications.

Yesterday in the foreign exchange market again took place without the participation of the Bank of Russia. Cost bivalyutnoy baskets ranged RUR36.7-36.87 - far from those levels, where the regulator intervened in the bidding for the last time - but it is slightly lower than the closing Monday.

some embarrassment in the ranks of participants in the foreign exchange market yesterday to spread the words of Prime Minister Vladimir Putin, who, speaking at the Interstate Council of EurAsEC, said that Russian authorities will not allow sharp fluctuations in the ruble and, among other things, adding that the national currency has strengthened more than the expected power. Many may have viewed his remarks as a signal that more domestic currency price will not be. Obviously, this could lead to the closure of long positions on the ruble and the opening brief. The process we have, and so is likely seen in recent days, but yesterday he could intensify. As a result, this led to a rather uncertain behaviorof the ruble, despite the fact that currencies of many developing countries in price.

Today, the morning market for a few quiet, and under pressure from retailers bivalyutnaya basket went down again, otygryvaya part of yesterday's backlog. As the situation develops further, we are still not clear: like the monetary authorities have previously said they intended to smooth the volatility of the course, but not to resist market trends, however, and they have the dollar in less than 30 rubles (why is not mainly focus Brokers - bivalyutnoy basket), as revealed recently, a source of concern. How do the authorities, if the American currency will continue to fall in price relative to the euro, remains anyone's guess.

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Analyst Ratings


Today, trading on the Russian market is marked by high volatility quotes
After yesterday's collapse of Russia's most chips start to the new
The forecasts of analysts: Correction on the Russian market continues, but the day is not excluded rebound back to top
Today, the Russian stock market «nahlynula» expected correction
Russian indices in the early hours of the trading continued to be consolidated at the levels achieved
If by neftyanke there is hope to see a positive closing, the banking sector may take in less
Unsecured gepy morning and published late in the evening constrain the Fed beige book purchases in the Russian market
Despite the continuing rise in prices of black gold, the fundamental factors are negative
Peremahnuvshie for $ 70 oil quotes provided substantial support to the Russian stock market

 

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