The ruble was predicted to weaken against one of the world's leading currencies

In the first half of October, the yuan may noticeably strengthen against the ruble against the backdrop of an upcoming increase in foreign currency purchases by the Russian Ministry of Finance. This forecast was given by BCS World of Investments analyst Dmitry Babin, his words are quoted by Prime.

From October 7, the department planned to increase the volume of foreign currency purchases within the budget rule fivefold, to 12.7 billion rubles per day. This factor, coupled with the traditional decline in exporter activity at the beginning of autumn, will create additional pressure on the Russian currency, Babin expects.

The increase in demand for foreign currency in the domestic market, he added, could be facilitated by foreign purchases of fuel against the backdrop of problems with the availability of gasoline in Russia, as well as components necessary to restore the energy infrastructure damaged as a result of attacks by Ukrainian drones. Against this background, the yuan exchange rate is capable of breaking through the 12.8 ruble mark in the foreseeable future, the expert concluded.