The Central Bank lowered the Euro on the weekend by almost two rubles

After the second this week of panic selling of risky assets, covering both developed and emerging markets, the ruble on Friday partially restored the losses: the dollar lost 2 of the ruble, falling below the mark of 73 rubles, the Euro fell 2.2 of the ruble, to 81.3.

Photo: Maxim Blinov/RIA Novosti the ruble will return to its previous position in 2022

Correction in the stock market is more significant (index Mosberg +2.9%, and the RTS index +5,2%).

finding the equilibrium ruble may take the next couple of months. Considering the premise of achieving lows in oil prices in April (Brent $ 30 per barrel) due to peak imbalance of supply and demand, analysts of Bank expect that the pair USD/RUB to trade in a wide range of 73-77 RUB and EUR/RUB 83-87.