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"Today the dollar exchange rate did not rise because the market participants started to feel the deficit of rubles resources. This deficit is due to the fact that this is the end of the month and the traders conduct reckoning with each other and with the budget. This is the main reason for the lack of rubles and the rise of the overnight rates". This opinion was expressed by chief of the currency department of the Russian International Bank Dmitry Khokhlov. He thinks that market participants await the rise of the dollar rate and take into account the tomorrow quotes, which are 26.15-26-19 rubles per dollar. Khokhlov forecasted that the dollar exchange rate may continue rising during the first days of November. The exchange rate may rise to a level of 27 rubles per dollar. However, it will most likely stabilized at 26.5 rubles per dollar. The bank expert said it is difficult to say what will happen later. According to some financial specialists the dollar rate will be 27 rubles per dollar by the end of the year. Khokhlov is sure it will reach a level of 28 rubles per dollar and the speed of the exchange rate rise will be about 1 ruble a month.
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