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Jun 27, 2021
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Expert Poddubsky predicted the ruble exchange rate for the near future


The emergence of a temporary imbalance between supply and demand in the oil market can provoke an impulse that will lead to the strengthening of the ruble, said expert Mikhail Poddubsky.

Asset manager of MKB Investments stressed that the coronavirus pandemic in 2020 exacerbated the problem of underinvestment in the industry, and this facilitated the process of recovering quotations for black gold. However, agreements concluded within the framework of OPEC + continue to play a significant role.

The implementation of infrastructure projects can also contribute to the strengthening of the Russian national currency. This will lead to a decrease in purchases of currency under the budget rule. As a result, by the end of the second half of the year, the dollar will vary in the range of 70–72 rubles, the Prime agency quotes Poddubsky.

The ruble exchange rate next week may be in the region of 71.5-73.5 units against the dollar. As for the euro, then, according to forecasts of the chief analyst of Sovcombank, Mikhail Vasilyev, it will fluctuate in the range of 85.5–87.5 rubles.

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