The euro rose above 90 rubles. This on Wednesday, January 26, follows from the data of the Moscow Exchange.
As of 18:34 Moscow time, the euro rose to 90.015 rubles (+1.37%). The last time the euro exchange rate rose above 90 rubles was in July 2021.
On the eve of the Russian stock market and the ruble against the backdrop of aggravated geopolitical contradictions between Russia and the West, they fell in the same way as at the beginning of the pandemic: the RTS dollar index collapsed by 8.1% by the last close and by 33% – to the peak value of October 25, 2021.
On January 24, the Central Bank suspended the purchase of foreign currency on the domestic market as part of the implementation of the budget rule mechanism from 15:00 Moscow time and promised to resume it after taking into account the actual situation in the financial markets. The measure helped the ruble win back about 90 kopecks from the dollar and the euro.
Petr Pushkarev, a leading economist at the TeleTrade information and analytical center, told Izvestia that investors on the Moscow Exchange staged a sell-off due solely to their own geopolitical fears. The fall of the market has no real economic foundation, which has not changed at all over the past month, either for better or for worse, he stressed.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
