According to Milchakova, the ruble is becoming more expensive for several reasons.

“The abolition of the budget rule, the low demand of the population for currency and the continuing high prices for oil,” the expert emphasized.

In addition, as the specialist noted, the "collapse" of the dollar and the euro may be associated with the beginning of the tax period, when exporters sell the currency, as well as the fact that the issue of the EU oil embargo against Russia has been postponed.

She added that at a price above $100 per barrel of oil, the dollar should not cost more than 60 rubles.

“The dollar can stop the fall at 55 rubles, but if it breaks down this level, then the road to the corridor of 50-53 rubles is open to it,” the analyst said.

Earlier it became known that the dollar exchange rate on the Moscow Exchange fell below 58 rubles for the first time since April 2018. 

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