Ruble sees considerable decline on MICEX
MOSCOW. July 22 (Interfax) - The U.S. dollar and euro posted significant gains on the Moscow Interbank Currency Exchange (MICEX) on Wednesday due to a reduction in currency sales and the worsening situation on capital markets.
The U.S. dollar's market exchange rate rose by 22.5 kopecks to 31.2 rubles/$1 on the MICEX on Wednesday, while the euro increased 20.3 kopecks to 44.2605 rubles/EUR1.
The Central Bank's dual-currency basket ($0.55 and 0.45 euro) grew by 5-10 kopecks when trading opened and ended the day 22 kopecks higher than Tuesday's level at 37.08 rubles.
On the international Forex market, the euro was fluctuating between $1.415-$1.419 on Wednesday after closing yesterday at $1.4226.
The dollar's average weighted exchange rate on the MICEX fell by 4.54 kopecks to 31.0907 rubles/$1 in Today deals on Wednesday but rose by 3.2 kopecks to 31.1273 rubles/$1 in Tomorrow deals. Combined dollar trading on the MICEX amounted to $3.34 billion, of which $784.7 million were Today deals and $2.556 billion were Tomorrow deals.
The euro's average exchange rate in unified trading declined by 12.4 kopecks to 44.1146 rubles/EUR1 in Today deals and by 2.93 kopecks to 44.1667 rubles/EUR1 in Tomorrow deals. Combined euro trading amounted to 166.3 million euros, of which 54.4 million euros were Today deals and 111.9 million euros were Tomorrow deals.
Rates on the interbank loan market remained relatively low on Wednesday. The Moscow Interbank Actual Credit Rate for the current day (MIACR) grew 15 basis points to 6.54%.