28 Sep 2009 18:31

Dollar and euro drop in MICEX trading, CB holds back ruble

MOSCOW. Sept 28 (Interfax) - The U.S. dollar and euro posted slight losses in MICEX trading on Monday as oil prices went over $66 per barrel and high ruble demand was felt on the interbank market. The euro posted a new low for the last two months while the bi-currency basket went to 36.4 rubles. However, the Central Bank held back the ruble's advances against the basket.

The dollar slipped by 6.6 kopecks in Tomorrow trading to close at 30.104 rubles/$1 while the euro lost 9.5 kopecks, finishing at 44.095 rubles/EUR1.

Just prior the close of MICEX trading, the Euro fell to 44.088 rubles, which was its lowest posting for almost the past two months.

The bicurrency basket lost eight kopecks to hold at around 36.4 rubles.

The dollar's average weighted exchange rate on the MICEX went up by 8.53 kopecks to 31.1787 rubles/$1 in Tomorrow deals on Monday and by 3.68 kopecks to 31.1526 rubles/$1 in Tomorrow deals. Combined dollar trading on the MICEX amounted to $3.252 billion, of which $1.094 billion were Today deals and $2.157 billion were Tomorrow deals.

The euro's average exchange rate decreased by 9.35 kopecks to 44.1243/EUR1 rubles in Today deals and by 7.61 kopecks to 44.1305 rubles/EUR1 in Tomorrow deals. Total euro trading came to 189.4 million euro, of which 63.5 million euro were Today deals and 125.9 million euro were Tomorrow deals.

The overnight MIACR came to 8.04%, down nine basis points for the day.