The dollar fell below 60 rubles for the first time since early October

On Friday, the dollar on the Moscow Exchange for the first time since October 6 briefly fell below 60 rubles - to 59.98 rubles. The ruble is growing against the backdrop of rising oil prices and favorable inflation data in the US.

At the time of publication, the dollar was trading at about 60.4 rubles. The euro cost 62 rubles, adding 68 kopecks.

According to Interfax -CEA experts, the ruble is strengthening today due to several factors. First, it is the rising oil prices. The cost of a barrel of Brent rose by 2.7% to $96.4. The second factor is the slowdown in inflation in the US to 7.7% in October compared to 8.2% in September, which caused a general recovery in the markets.

Earlier today, Sberbank President German Gref said that the country's economy will withstand an overstrengthened ruble, even if the dollar costs about 50 rubles. With such a rate, according to Gref, “there is not a single unprofitable industry”: “I don’t see that this dollar rate is killing anyone. Yes, exporters would like to have even higher profits than they have, they are making good money now. But nothing bad happens."

Thus, Gref entered into a dispute in absentia with First Deputy Prime Minister Andrei Belousov. In the summer, he called the ruble too strong at 55-60 rubles.