Alfa-Forex predicted further strengthening of the ruble in October

In October, the ruble may continue to strengthen against the dollar due to, among other things, the high cost of the Urals export grade. This forecast was given by Alfa-Forex by Guzel Protsenko. Her words are quoted by RT.

At the beginning of the second autumn month, she explained, the average price of a barrel of Urals remained around $100. The factor of expensive raw materials plays into the hands of the Russian currency, the analyst noted.

Protsenko named additional factors supporting the ruble as a decrease in the volume of replenishment of gold and foreign exchange reserves within the framework of the budget rule and the payment of taxes by Russian exporters. “In the absence of a sharp change in external conditions, the Russian currency may continue to strengthen in October,” the expert concluded.

The ruble, noted Digital Broker analyst Alexander Dudnikov, will also be supported by the tough monetary policy of the Central Bank (CB). The high key rate, he explained, maintains the attractiveness of ruble deposits.