The dollar exchange rate on the interbank market reached its maximum since September 25

On Monday, October 5, the dollar exchange rate on the Russian interbank market reached its maximum since September 25. This is evidenced by Finam data.

By 12:53 Moscow time, quotes of the American currency reached 85.03 rubles. The increase by that time was more than 1.2 percent (more than a ruble). The achieved result was the maximum over the past week and a half.

Despite the weakening of the ruble, experts agree that the Russian currency is unlikely to collapse in the medium term. Support will be provided by a number of factors, including high oil prices due to another escalation in the Middle East, a “trail” from the tax period (increased budget revenues from the payment of mineral extraction tax, income tax and excise taxes by exporters).