27 Feb 2012 19:21

Dollar and euro decrease on MICEX as oil prices increase and ruble liquidity deficit expands

MOSCOW. Feb 27 (Interfax) - The U.S. dollar and euro posted major losses on Monday during MICEX trading against the Russian ruble. The value of the Central Bank's bi-currency basket (set at $0.55 and 0.45 euro) went down by 23 kopecks to below 33.5 rubles and came to 33.46 rubles because of high oil prices and a deficit in ruble liquidity at the end of February.

The dollar went down by 15 kopecks to close at 29.035 rubles/$1 after hitting a session low of 28.95 rubles/$1. The euro went down by 32.5 kopecks to finish at 38.875 rubles/EUR1.