10 Aug 2009 18:37

Dollar grows to highest level this month on MICEX as ruble falls late

MOSCOW. Aug 10 (Interfax) - The ruble resumed its decline against the Central Bank's dual-currency basket late on Monday while the dollar reached its highest level this month in the final minutes of trading as oil prices tumbled and the euro edged down versus the dollar on the international Forex market.

The U.S. dollar's market exchange rate grew by 31 kopecks to 31.81 rubles/$1 on the MICEX on Monday, while the euro decreased 2.59 kopecks to 45.104 rubles/EUR1.

The Central Bank's dual-currency basket ($0.55 and 0.45 euro) grew for the fifth day in a row, this time by 16 kopecks to 37.79 rubles at closing time. The basket has increased by 65 kopecks in the last five days.

On the Forex, the euro was down to $1.417 late on Monday evening compared to $1.4183 on Friday.

The dollar's average weighted exchange rate on the MICEX grew by 5.87 kopecks to 31.646 rubles/$1 in Today deals on Monday and by 7.99 kopecks to 31.6794 rubles/$1 in Tomorrow deals. Combined dollar trading on the MICEX amounted to $3.177 billion, of which $724.8 million were Today deals and $2.453 billion were Tomorrow deals.

The euro's average exchange rate in unified trading fell by 45.19 kopecks to 44.9327 rubles/EUR1 in Today deals and by 27.64 kopecks to 44.3804 rubles/EUR1 in Tomorrow deals. Combined euro trading amounted to 117.3 million euros, of which 45.9 million euros were Today deals and 71.4 million euros were Tomorrow deals.

Rates on the interbank loan market remained moderately low on Monday. The Moscow Interbank Actual Credit Rate for the current day (MIACR) fell 21 basis points to 6.16%.