The ruble is not afraid of sanctions

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The Minister of Finance Anton Siluanov has promised Russians a stable ruble, even in the case of the introduction of new sanctions by the United States. He declared it on air of TV channel “Russia 1”. “There is a margin of safety – a surplus, a budget surplus. Here’s the answer”, – said the Minister to the question about possible exchange rate fluctuations.
Meanwhile, shares of Yandex, which previously fell out of favor of investors after rumors of the possible sale of shares to the state, soared more than 8%. The occasion was the publication of the report for the III quarter. The profit of Yandex in the third quarter increased 6.5 times. Revenues increased by 44% to 32.5 billion rubles.
At the auction the Moscow exchange rate of the us currency is around 65 rubles 55 kopecks, the Euro is trading at the mark of 74 rubles 85 kopecks. The MICEX index rose to 2320 points, and quotes of Brent crude oil traded just above 77 dollars per barrel. Bitcoins according to the website CoinMarketCap is kept below 6500 dollars per unit.
The domestic currency continues to trade steadily against the dollar and the Euro. Recall that the reasons for building the “wood” is now effectively dead. If last week support the domestic currency had a tax week. Now internal local reasons for the strengthening of the ruble is not. It is unlikely that in the near future we’ll see a decline below $ 65 rubles per dollar. Earlier, we gave the recommendation buy in the range of from 65 to 66. This recommendation is still valid. Goals for growth in the medium term 67 – 68 rubles to the dollar.
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Gleb Zadoya,
The head of the analytical Department of the company,
ANALYTICS Online