Dollar opens MICEX trades with growth, euro slips

The U.S. dollar increased while the euro declined at the start of MICEX trades on Wednesday owing to the latter currency's losses on the international forex market. The Russian ruble posted minor changes against the Central Bank of Russia's bi-currency basket (set at 0.45 euro and $0.55).

The dollar opened MICEX trades around 32.1975-32.2775 rubles/$1 and stood at 32.25 rubles/$1 after the first minute. This figure is 10 kopecks over the dollar's Tuesday close but 20-25 kopecks under the official rate.

The euro opened at 40.63-40.64 rubles/EUR1, which is 14 kopecks under yesterday's close and 30 kopecks below the official rate.

The bi-currency basket came to 36.02 rubles, down one kopeck from Tuesday's close.

Experts at the Interfax Center for Economic Analysis said that dollar's gains and the euro's losses on the MICEX have been driven by the latter currency's decline on the forex market while the ruble's minor fluctuation against the bi-currency basket has been driven by the "wait and see" mood on the stock market and the halt to rising world oil prices.

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