The expert warned about a possible “false start” of the ruble

The ruble exchange rate. Archive photo

MOSCOW, 23 Jul — RIA Novosti. Some weakening of the ruble last week is not due to fundamental factors and gaming on the news about a possible imminent restart of the budget rules they open their positions, said the Agency “Prime” the chief analyst of PSB Egor Zhilnikov.

According to him, this week, the ruble strengthened against the background of growing exporters in anticipation of tax payments, the peak of which will be on August 25.”Parity between supply and demand for the dollar is at the level of 60 rubles, while exporters can extend the canopy in the supply of dollars, further infusing about 300 million dollars a day until the end of the tax payments,” — says Zhilnikov.

With this in mind, the actual frame for the ruble this week — 58-60 per dollar with reference to the lower bound. If, however, the fiscal rule will launch in September, the ruble will begin to wane —at first, he strengthened at the level of 65 to the dollar, then can go to 70. It will be beneficial for the Russian budget.