Bbabo NET

Economics & Business News

The ruble has risen in price amid reports of the return of Russian troops from the exercises

The ruble exchange rate in the course of trading on the Moscow Exchange is strengthening against the dollar and the euro.

As of 11:05 Moscow time, when there were reports that the units of the Southern and Western military districts of the Russian Armed Forces were returning to their garrisons after the exercises, the dollar was trading at the level of 76.43 rubles (-0.43% against the ruble), and the euro - at the level of 86.44 rubles (-0.32%).

By noon, the euro fell to 85.7 rubles (-1.18%), and the dollar to 75.54 rubles (-1.59%).

Earlier, President of Belarus Alexander Lukashenko said that Russian military personnel would leave the country at the end of the Allied Resolve-2022 joint exercises with the Russian Federation. The maneuvers should last until 20 February. The number of military and weapons participating in the exercises is not disclosed.

According to SberCIB, investments from the National Wealth Fund (NWF) will support the ruble, which could cause the dollar to fall to 68 rubles. According to forecasts, in the most optimistic scenario, the premium for geopolitical risks in the ruble exchange rate will decrease significantly. In this case, the ruble will be able to strengthen to 68 per dollar.

In early February, analysts from BCS Global Markets predicted that the dollar could rise in price to 103 rubles due to the possible introduction of anti-Russian sanctions against the backdrop of a tense situation with Ukraine.

The ruble has risen in price amid reports of the return of Russian troops from the exercises