Post: Investment strategist spoke about the beginning of the ruble’s reversal phase

One Ruble coin in one US Dollar bill. archive photo

Investment strategist Bakhtin: At the beginning of autumn, the dollar may hold at the level of 60-65 rubles

MOSCOW, July 6 – RIA Novosti. In early July, the ruble, which had strengthened over the past few months, began to weaken. And the trend reversal could continue, he told the agency.hit the primer” Alexander Bakhtin, investment strategist at BCS World of Investments.

“At the beginning of autumn, the dollar may consolidate at the level of 60-65 rubles and the rate may close the year around 70-75,” he said.

As reasons, the expert cited the start of recovery in imports, the refusal of a number of companies to pay dividends for the past year, and the possibility of buying currencies and assets of friendly and neutral countries.

Bakhtin is confident that all this will bring the ruble exchange rate closer to more favorable market conditions and make it more convenient to replenish the budget and the income of exporters.

Source: Ria

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