MOSCOW, August 29 The euro exchange rate exceeded 104 rubles for the first time since August 16, according to the data of the Moscow Exchange.
Thus, the European currency 15:10 Moscow time rose by 68 kopecks — up to 103.86 rubles. Minutes earlier, it rose to 104.08 rubles.
In turn, the dollar exchange rate increased by 86 kopecks, to 96.17 rubles.
The yuan rose by 10 kopecks, to 13.16 rubles.
Earlier today, ex-Finance Minister Mikhail Zadornov said that the weakening of the ruble this summer was influenced by the large volumes of the rupee that Russian companies received for exporting energy resources. According to him, Moscow supplied $30 billion worth of oil and oil products to India in the first half of the year. At the same time, imports from this country are estimated at about six to seven billion a year. Zadornov stressed that Russia «has nothing to buy in India», but it is impossible to return the rupee, since it is an inconvertible currency. Since the beginning of the year, the American currency has risen in price by 38 percent, the euro — by 42 percent. The Bank of Russia, in order to reduce fluctuations in the financial market, decided not to buy foreign currency as part of the budget rule from August 10 until the end of the year.