BitRiver financial analyst Vladislav Antonov commented on the factors that will determine the ruble exchange rate in December.
He identified sanctions restrictions, geopolitical tensions and structural problems of the Russian economy as the main risks.
Market participants are cautiously awaiting the Central Bank of Russia’s decisions on the key rate in December, Antonov said in an interview with the Prime agency.
He noted that during the week the dollar will probably fluctuate in the range of 105.00–115.00 rubles.
The past week has been a period of great volatility for the ruble amid uncertainty and challenges in the economy.
Despite the regulator's attempts to stabilize the situation, the ruble continues to experience great pressure.
The main challenges for the ruble remain sanctions, geopolitical tensions and economic problems.
Antonov noted that the Central Bank and the government are developing new instruments to stabilize the situation.
