RTS index has fallen to a minimum since 2009

At the auction on Thursday, the RTS index fell to the minimum value of the continuing weakening of the ruble since August 2009, a decrease in world stock indices and oil prices, Lenta.ru reports. By 11:15 Moscow time, the index decreased to the mark of 1030.47 points (minus 1.62 percent), the MMEVB index dropped to the mark of 1360.11 points (minus 1.02 percent).

The US dollar rate by this time managed to update the next maximum and amounted to 41.56 rubles (growth of 14 kopecks). The euro was at the level of 52.48 rubles (growth of 9 kopecks). The cost of the bivalyut basket increased to 46.46 rubles (an increase of 11 kopecks).

The cost of Brent oil for December was $ 84.21 per barrel at the indicated time (decrease by 0.59 percent), the cost of WTI oil was $ 80.19 per barrel (decrease by 0.41 percent).

The Bank of Russia, as part of the transition to a floating exchange rate, intends to cancel the currency corridor in the current form until 2015.

In addition, the Central Bank intends to consider the issue of further raising the key rate. The rate is currently 8 percent, and during the year the regulator has already raised it three times.

The Bank of Russia did not conduct interventions to smooth the jumps in the foreign exchange market from June 18 to the end of September. Since October, the Central Bank again launched the support of the ruble, which since the beginning of the year fell by about 24 percent.

The Bank of Russia uses a bivalyat basket to smooth out the consequences of sharp fluctuations in foreign exchange rates. When the volume of accumulated interventions of the Central Bank on one of the borders of the corridor reaches 350 million dollars, the boundaries of the corridor are automatically shifted to 5 kopecks. This year, the borders of the corridor have already changed several dozen times.