The dollar exchange rate exceeded 100 rubles
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The dollar exchange rate during trading on the Moscow Exchange exceeded 100 rubles. for the first time since mid-August, according to trading platform data.
As of 07:07 Moscow time, the dollar was trading at 100.06 rubles. (+0.58%). By 07:25 Moscow time, the American currency dropped to 99.85 rubles.
At the same time, the euro is trading above 104.5 rubles on the stock exchange, and the Chinese yuan is trading above 13.6 rubles. As of 07:19, the euro was trading at 104.575 rubles. (-0.36%), the yuan at 07:27 was at the level of 13.625 rubles. (+0.18%).
Previous time dollar exchange rate overcome mark of 100 rubles. August 14. Then, during trading, the American currency rose to 101.5 rubles. The dollar has not traded at this level since March 2022.
The Bank of Russia has repeatedly said that they see the main reason for the weakening of the national currency as a decrease in exports of goods in value terms (associated with a decrease in both prices and volumes) with a simultaneous restoration of imports. On August 15, the Central Bank raised the key rate by 3.5 percentage points to 12%. The reason was increased inflationary pressure and inflationary expectations, which are pressured by exchange rate dynamics. On September 15, the regulator raised the key rate by 1 percentage point to 13%.
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