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Experts talked about the reasons for the strengthening of the ruble and what the dollar can expect, writes RBC.
During the May 4 session, the dollar fell below 78 rubles for the first time since early April. According to experts, the drop is due to the meeting of the Central Bank, which took place on April 28.
— The Bank of Russia maintained its key rate at 7.5%. The regulator also gave a “hawkish” signal, positive for the ruble: the Central Bank will assess the feasibility of raising the key rate at the next meetings, the publication reports.
Expert Konstantin Asaturov informed that in addition to continuing to sell yuan, the Central Bank plans to introduce a limit on the purchase of foreign currency by foreign companies wishing to sell their assets in the Russian Federation and withdraw from money abroad. According to the specialist, this factor indirectly affects the exchange rate of the American currency.
The expert believes that another reason for the strengthening of the Russian currency is that exporters convert foreign exchange earnings into rubles at a favorable rate in anticipation of the dividend payment period, which increases the demand for rubles on the stock exchange.
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