10 Nov 2009 18:19

Ruble continues to gain on Tuesday, dollar hits annual low

MOSCOW. Nov 10 (Interfax) - The U.S. dollar and euro dropped on Tuesday in MICEX trading owing to varying trends on stock markets. The ruble continued to gain against the bi-currency basket as the Central Bank continued to restrain the national currency's growth through purchasing.

The dollar slipped by 2.25 kopecks to finish at 28.7175 rubles/$1 while the euro went down by 11 kopecks to close at 43 rubles. During trading the dollar went down to 28.685 rubles/$1, hitting its lowest point since December 2008.

The bi-currency basket went down by 6.5 kopecks to 35.145 rubles for the day.

The dollar's average weighted exchange rate on the MICEX went down by 8.3 kopecks to 28.7251 rubles/$1 in Today deals on Tuesday and by 7.86 kopecks to 28.728 rubles in Tomorrow deals. Total dollar trading on the MICEX amounted to $4.423 billion with $1.236 million in Today deals and $3.186 billion in Tomorrow deals.

The euro went down 6.96 kopecks to 43.0589/EUR1 rubles in Today deals and 9.17 kopecks to 43.0362 rubles/EUR1 in Tomorrow deals. Total euro trading came to 166.4 million euro, of which 70.5 million euro were Today deals and 95.9 million euro were Tomorrow deals.

The overnight MIACR came to 4.95%, down three basis points for the day.