The ruble is slightly rising against the dollar and the Euro on oil and taxes

© RIA Novosti / Ilya Petliurite in fotoracconti ruble. ArchiveThe ruble is slightly rising against the dollar and the Euro on oil and taxes© RIA Novosti / Ilya Petliurite the image Bank

Ruble a day slightly stronger against the dollar and the Euro, reflecting the growth of the market of oil above the level of $ 63 per barrel Brent crude, traders said.

The peak of the tax period of December, the ruble is helping to keep the levels to the main reserve currencies.

The dollar calculations «tomorrow» at 15.09 GMT was down 0.1 ruble — to 58,66 of the ruble, the Euro rate — by 0.12 ruble to 69,45 ruble.

Adds ruble

The ruble against the dollar and Euro have slightly increased, reflecting the consolidation of the oil market in the area 63.5 USD per barrel.

The rise in oil prices continues to fuel the ongoing renovations of the Forties pipeline in the North sea, which has already suspended more than a week due to breakage. Work can last from two to four weeks, starting from December 11.

Support the ruble comes from verbal interventions.

The head of the Ministry Maxim Oreshkin called a single volatile drop in industrial production in Russia in November by 3.6% yoy.

The dependence of ruble exchange rate on the volatility of oil prices fell sharply, it is stable, said the head of the MAYOR.

The peak of the tax period also supports the demand for ruble liquidity.

In the end, the dollar and the Euro in the afternoon decreased between 0.2% against the ruble each. The ruble price of «black gold» is about 3.7 thousand rubles per barrel.

Forecasts

The total amount of tax payments 850 billion helped to push the pair USD/RUB below the level of 58.6, said Tom Levinson from the company «Sberbank CIB».

The sentiment in emerging markets remains the same, buy rubles in anticipation of tax payments and rising oil prices will help the pair USD/RUB to hold below 58,5, appreciated it.

In the current situation, the nearest resistance to the growth of the dollar is still the mark of 59, the main support is the level of 58.4, according to analysts of the company «Finam».

«In turn, support the national currency for current week can render exporters are experiencing the need for liquidity against the background of tax payments», — believe in the «Finam».

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