22 Sep 2009 19:19

Dollar falls to lowest level this year on MICEX as euro climbs on Forex

MOSCOW. Sept 22 (Interfax) - Following a brief upward correction on Monday, the U.S. dollar resumed its decline against the ruble on Tuesday and fell to 30.05 rubles/$1, its lowest level this year.

The dollar's market exchange rate plunged 34 kopecks to 30.08 rubles/$1 on the MICEX on Tuesday, while the euro edged down 0.27 kopecks to 44.5225 rubles/EUR1.

The Central Bank's dual-currency basket ($0.55 and 0.45 euro) fell by 19 kopecks to 36.58 on Tuesday.

The main factor behind the dollar's decline was an increase in the euro on the international Forex market. The euro rose to $1.482 on Tuesday from $1.463 at closing time on Monday.

The dollar's average weighted exchange rate on the MICEX fell by 17.73 kopecks to 30.1989 rubles/$1 in Today deals on Tuesday and by 22.04 kopecks to 30.1687 rubles/$1 in Tomorrow deals. Combined dollar trading on the MICEX amounted to $3.551 billion, of which $837.946 million were Today deals and $2.713 billion were Tomorrow deals.

The euro's average exchange rate in unified trading grew by 4.89 kopecks to 44.5782 rubles/EUR1 in Today deals and by 3.94 kopecks to 44.5695 rubles/EUR1 in Tomorrow deals. Combined euro trading amounted to 141.789 million euros, of which 67.692 million euros were Today deals and 74.097 million euros were Tomorrow deals.

Rates on the interbank loan market continued to rise on Tuesday. The Moscow Interbank Actual Credit Rate for the current day (MIACR) grew 3 basis points to 7.5%.