Russian currency at new lowerest level comparing to dollar

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The exchange rate of Russian currency reached newest low level comparing to dollar, and the price for shares on share stock market in Moscow are under the pressure of possible more strict sanctions west countries towards Russia during the stronger fights in Ukraine.

Ruble has decreased this morning 0.3 % comparing to American currency, so the exchange rate for dollar was 37,25 ruble. During the trade it reached 37,5 dollars. Trading by option of Russian currency shows that there are chances that the exchange rate of dollar in next six months reaches 40 ruble according to agency Bloomberg. In August only Russian currency decreased 3,7 % comparing to dollar, while from the beginning of the year went down for around 12%.

Stock index MICEX decreased this morning 0,3%, with the fall third time in a row. The biggest fall in stock price was for the chain stores stocks, because the depreciation of ruble increases expenses of import from Russian supermarkets, as warned by analysts.

On the other hand, Rosneft shares price went up for 1,3% due to an estimate that weaker ruble will increase the profit of the biggest Russian oil company, since the oil is paid in dollar.

Source: www.liderpress.hr

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