Dollar and bi-currency basket continue to gain on MICEX following negative world market trends
MOSCOW. Nov 1 (Interfax) - The Russian ruble continued to make a downward correction against the Central Bank's bi-currency basket (set at $0.55 and 0.45 euro) on Tuesday. The basket had gone up by 33 kopecks by the end of trades to 35.9 rubles owing to the ongoing decline on world markets, which was driven by renewed worries about the Eurozone's debt crisis.
The U.S. dollar went up by 64 kopecks to close at 30.8 rubles/$1 on the MICEX (after hitting session height of 30.9799 rubles/$1). The euro went down by 4.5 kopecks to finish at 42.135 rubles/EUR1.
The dollar's average weighted exchange rate on MICEX went up 54.43 kopecks to 30.6786 rubles/$1 in Today deals and 61.61 kopecks to 30.7559 rubles/$1 in Tomorrow deals. Combined dollar trading on MICEX amounted to $8.455 billion; of which $1.74 billion were Today deals and $6.715 billion were Tomorrow deals.
The euro's average weighted rate went down by 2.84 kopecks to 42.1876 rubles/EUR1 in Today deals and 4.38 kopecks to 42.1747 rubles/EUR1 in Tomorrow deals. Combined euro trading amounted to 433.619 million euro, of which 192.754 million euro were Today deals and 240.865 million euro were Tomorrow deals.
The overnight MosPrime Rate came to 5.6%, down five basis points for the day.