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. Last Updated: 07/27/2016

Ruble Ignores Poll




MOSCOW -- Russia's foreign exchange market, tightly controlled by the Central Bank, shrugged off parliamentary poll results Monday with traders saying they wanted to see the new State Duma's work before changing quotes.


The ruble averaged 26.7210 per dollar in the morning session, which unites Russia's eight foreign currency exchanges, nearly 5 kopeks stronger than Friday's average of 26.7692. The volume was a medium $181.26 million.


"I don't see the outcome affecting the ruble at all right now," said Sergei Bayan, head of fixed-income trading at Troika Dialog investment bank.


"The dollar should continue to ease against the ruble as it has recently, but that is because of approaching ruble payments dates and not at all connected to the election," he said.