Ruble to cart (0.55 dollars and 0.45 euros) in the near future will fluctuate around 39-41 ruble in the second half of 2009, the ruble will be strengthened, said the first deputy chairman of the Central Bank of Russia Alexey Ulyukaev.
"In the nearest time possible fluctuations in the ruble value of around basket at 39-41 rubles in the second half is likely to strengthen the ruble on the basket," - said in an interview Ulyukaev agency Reuters, which cites .
Brokers will be in the short term interventions inhibit the excessive strengthening of the ruble, First Deputy Chairman of the Central Bank said. According to him, while the Bank of Russia does not want to see too much volatility.
"If the ruble is too much to strengthen, then the possible return of motion, it is better now that the volatility was smaller for all - and the public and market participants - complacent. I think that it will" - said Ulyukaev.
"We will be their intervention to smooth excessive volatility", - said the first vice-chairman.
"That is something that we have a very wide currency corridor, does not mean that the ruble will be completely free to walk on it," - he added.
CBR admitted that in February bought the currency on the domestic market: "We have bought about a billion (dollars) on Friday, today (Monday - approx. Ed.) There were no interventions", - said Ulyukaev.
Interventions within the corridor of Central Bank for the purposes of the balance of payments and not as before - for the Ministry of Finance: "Interventions within the corridor, of course, not for the purpose of the MOF, it is for our purpose - optimizing the balance of payments."
Ulyukaev called current technical strengthening of the ruble. "Ruble (last week), obviously improved, but it is a technical consolidation. Ruble was resold, the position of market participants was a bit adventurous, they realized that the level of 41 ruble will not penetrate it, by definition, can not penetrate," - he said .
"Some days it took to understand the situation, then they started to close long currency positions, and it has some bounce, it was significant - two more than the ruble. Shifted ratio basket in accordance with that we bought on Friday and today purchases were not "- said Ulyukaev.
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