Analyst: Above the clouds are gathering ruble
Over the Russian ruble “accumulate more and more clouds,” says head of department analysts “Analytics Online” Gleb Zadoya.
As recalled by the expert, recently the International Monetary Fund (IMF), “talked about the fact that the ruble is now above their fundamentally justified values.” “In this case, the IMF does not rule out that the Russian ruble may return to them in the medium term. Now and international institutions say that the ruble would be nice to fall. On it now, by the way, put some major market participants, which found the Bank of Russia. The Central Bank noted that the demand for currency in the last month jumped by half in comparison with the beginning of the year. The volume of purchases of foreign currency was a record for at least the past 2 years. The Central Bank also hinted that by buying the currency is connected non-residents who buy currency for the withdrawal of money from Russia and based on speculative profit, which they will receive after the growth of the dollar “, – said in an analyst survey.
According to him, “over the Russian ruble accumulates more and more clouds.” “Our financial authorities have long said that the ruble should be slightly below the current values. But when talking about it in such prestigious institutions as the IMF, it is already leads to some thoughts, “- emphasizes Zadoya.
He points out that at the present time is fixed “high demand for dollars in Russia.” “Moreover, this demand has been observed by the public and by the banks. Buying foreign currency and non-residents, which at the time broke up the downtrend on the currency pair USD / RUB, using the Russian currency for carry trade operations. Now ruble locally supports tax week. exporters have to pay severance tax by 25 May. support also has a growing oil. However, after the completion of the tax of the week and if starts in the oil market correction, the dollar / ruble will return to the mark of 57 rubles per unit of US currency “, – predicts expert.
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