Economist Zeltser reveals prospects for strengthening the ruble
The ruble exchange rate may strengthen by inertia due to compensation for losses incurred in November.
Currently, the exchange rate of the domestic currency is at the levels of the third ten days of October.
This was reported by BCS Express expert Mikhail Zeltser.
He explained that the ruble has managed to make up for its losses over the last eight trading sessions.
By inertia, the Russian currency may strengthen slightly.
The expert, as emphasized, allowed for a technical rebound in currencies in the near future.
Zeltser named the normalization of the liquidity situation as the reason for the sharp improvement in the situation for the ruble.
Also, the Central Bank’s refusal to buy up currencies under the budget rule and the adjustment of mechanisms for settlements for exports had a positive impact on the position of the ruble.
Seltzer also recalled that the dollar continues to hold at annual highs against other currencies.
At the same time, the strengthening of the ruble can have a positive effect on inflationary processes in the country.
