Bloomberg: RUB recovers

For the first time this year the RUB price is below 49 RUB to USD.
This last had happened in November last year.
Ruble recovers past growth of oil. At prices around $ 68 / barrel, ruble even looks oversold.

The expectations for the coming days are ranged from 48.5 to 52 RUB to USD.
Short-term factors for RUB are rather positive, because the geopolitical situation is more balanced,
and when the price per barrel Brent approached $ 70, the market began to rely on USD
and EUR decline.

Give some concerns the expectations about the behavior of the CBR and possible interventions.
The institution has decided to hold from May 13, 2015 regular operations to purchase
foreign currency in the domestic forex market to replenish international reserves.
This decision is taken to remedy the situation on the domestic currency market and
It is not aimed at maintaining a certain exchange rate. Daily operations will be about 100-200 million USD.
In order to minimize their impact on the dynamics of the exchange rate, purchases will be in uniform
all market day.In case of significant changes in the volume of market, transactions will be corrected.

The official rate of the CBR today is 49,5366 RUB / USD, as such a low rate of CB of Russia.
It did not give cince the end of November 2014.

Bloomberg.