Ruble posts steady gains towards close of trading on MICEX
MOSCOW. Jan 29 (Interfax) - The U.S. dollar posted slight losses as the euro fell on the MICEX following the European currency's performance on the Forex and increased forex selling by Russian market players. The ruble was able to increase against the bi-currency basket substantially on the final day of trading in January.
The dollar slipped by 3.5 kopecks in Tomorrow trades to 30.285 rubles/$1 while the euro went down by 22 kopecks to finish at 42.25 rubles/EUR1.
The dollar increased at the start of trading on Friday on the MICEX to 30.482 rubles/$1 its highest point for over a month.
The bi-currency basket increased to 35.9 rubles during the day's trades but closed at 35.67 rubles, losing 12 kopecks for the day.
The dollar's average weighted exchange rate on the MICEX went up 7.39 kopecks to 30.3949 rubles/$1 in Today deals on Friday and 5.19 kopecks to 30.3771 rubles in Tomorrow deals. Total dollar trading on the MICEX amounted to $4.223 billion with $1.038 billion in Today deals and $3.185 billion in Tomorrow deals.
The euro decreased by 13.05 kopecks to 42.4409 rubles/EUR1 rubles in Today deals and 8.64 kopecks to 42.418 rubles/EUR1 in Tomorrow deals. Total euro trading came to 180.7 million euro, of which 69.6 million euro were Today deals and 111.1 million euro were Tomorrow deals.
The overnight MIACR came to 4.11%, down 15 basis point for the day.