MOSCOW, Mar 29< /strong> A stable exchange rate of the ruble in the range of 74-79 units against the dollar is expected in April, Sovcombank analyst Mikhail Vasilyev said in an interview with the Prime agency.
“April has historically been one of the most favorable months of the year for the ruble. Over the past 16 years, the ruble has appreciated 11 times against the dollar in April, by an average of 1.1 percent,» Vasilyev said.
He also added that the inflow of foreign currency from exports will remain high, and a surplus in the balance of payments is expected. In addition, the expert noted, there is a possibility of an increase in the sale of yuan. Due to this, the ruble's dependence on fluctuations in oil prices may decrease, thus strengthening the stability of the Russian currency.
However, the geopolitical situation still poses a threat to the ruble, the agency's interlocutor believes. Oil and gas revenues are also expected to decline due to sanctions and energy price volatility.