Sovcombank Analyst Vasiliev: Ruble will trade between 74-79 against the dollar in April
MOSCOW, March 29 – RIA Novosti. Sovcombank analyst Mikhail Vasiliev said that in April, a stable exchange rate of the ruble against the dollar is expected in the range of 74-79 units. speech with the Prime Minister’s agency.
He added that the foreign exchange inflow originating from exports will remain high and a surplus is expected in the balance of payments. In addition, the expert noted that there is a possibility of an increase in the sale of the yuan. Therefore, the dependence of the ruble on oil price fluctuations may decrease, thereby strengthening the stability of the Russian currency.
However, the source said that the geopolitical situation still poses a threat to the ruble. Oil and gas revenues are also expected to decline due to sanctions and volatility in energy prices.
The official dollar rate on Wednesday was 76.59 rubles.
Source: Ria
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