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The dollar and euro have fallen against the ruble at the start of the session on Monday

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The dollar and euro have fallen against the ruble at the start of the session on Monday

The dollar and euro have fallen against the ruble at the start of the session on Monday
September 26
12:30 2016

At the Moscow Stock Exchange the Russian currency is slightly increasing against the dollar and euro at the start of the session on Monday amid the growing oil prices.

On Monday the trade on the dollar has started with the transactions within 63,95-64,07 rubles ./$ 1. The rate has become equal to 64.02 rubles/$ 1 over the first two minutes of the trade. Meanwhile, the euro has become equal to 71.87 rubles / EUR1, a currency basket has dropped by 5 kopecks, reaching 67.55 rubles.

At the same time the US currency has been almost 16 kopecks more than the level of the current official exchange rate; the euro has exceeded the official rate by 28 kopecks.

Experts at the “Interfax-CEA” consider that the mild growth of the Russian currency can be explained by the oil, which is growing upwards after the fall on Friday night. The fall happened because the Algerian Minister of Energy expressed his expectations that the meeting of oil producers in Algeria would have a productive outcome. In addition, the prices have been slightly supported by the sagging dollar. On the London Stock Exchange futures contracts for Brent crude oil have increased by 0.5%  to $ 46.11 per barrel to the beginning of the day

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