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It is very unlikely that the dollar rate will go higher than 26 rubles, consider the analysts of the Industrial Construction Bank of Saint Petersburg. This border line has been crossed, so something really extraordinary must happen (for example, in the event the Central Bank starts drowning the market in the currency) to make operators return to the previous ratings. Today's lowering of the ruble rate at the unified trade session can be explained by the following reasons. First, there were rumors yesterday that the Central Bank didn't press the rate deliberately in order to receive as many rubles as possible today from the selling of currency to non-residents at a special auction scheduled for October 29. It is most likely that the official rate will be used at the special auction plus 10%. Secondly, banks need to close their monthly balances today, so it was as early as yesterday afternoon that the rates on the ruble credits overnight reached 40% per annum. Therefore, a certain ruble deficit today may freeze the dollar rate a little.
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