OREANDA-NEWS. On June 25, 2009 CBR issued a report detailing the country’s international currency reserves for the week ended 19 June, revealing an increase of US0.5bn, reaching US 407.1bn. Generally speaking, the main factors affecting reserve volumes have been withdrawals of foreign currency-denominated funds by commercial banks, revaluation of the euro component of the reserves, and CBR interventions. However, in the period under review here, these three factors exerted no substantial influence, hence we witnessed more stability of the currency reserves, reported the press-centre of OTKRITIE FC.

The ruble floated in a 36.66-37.06 corridor against the dollar/Euro basket, showing no clear trends in movement; this despite the ongoing period of tax payments which usually supports the exchange rate. On Thursday, the ruble had strengthened to 36.77 against the bi-currency basket. 

The RUB/USD rate reached 31.29 for the day, as the dollar continuing its rebound on the global market.