Rouble falls against dollar and Euro amid declining oil prices
The Euro during trading on the Moscow stock exchange rose amid falling oil prices by 2.41% compared to the closing level yesterday to 90,05 RUB.
The dollar on Tuesday evening rose 1.3%, to 79.6 RUB.
Rouble falls against dollar and Euro amid declining oil prices. On the London stock exchange ICE Brent crude fell by 7% to 30.5 dollars per barrel.
On the eve of the Bank of Russia lowered the official rate of the dollar against the ruble on February 9, at 48. 76,86 rubles, while the Euro was reduced by 92 kopecks to RUB 85,65
The dollar renewed its historical maximum on 22 January, breaking the mark of 83,59 RUB the value of the Euro was 91,18 RUB.
Experts of the Higher school of Economics has previously calculated that if the average annual price of oil $ 25 per barrel and the dollar exchange rate to 83.4 ruble the volume of shortfall in income of the Russian budget will amount to 3.4 trillion rubles (40,7 billion dollars).
The Minister of economic development of Russia Alexei Ulyukayev in late January predicted the rise in oil prices in the coming weeks. With a similar forecast was made by the head of the International monetary Fund Christine Lagarde.