Ruble is rising with the oil prices in a tax peak day
On Monday in the course of morning trading, the Russian ruble rose by 0.7% and close to the mark of 58,02 in pair with the U.S. dollar. The Russian currency strengthening has occurred on the background of oil prices increasing, caused by production cuts by OPEC countries and oil exporting countries outside the cartel. In addition, today is the last payment day of the severance tax, VAT and excise, and tomorrow settlements with budget on income tax will complete.
Experts believe that after the tax peak passage, the Russian currency will be difficult to maintain a positive trend, because the next month a repayment increase of the Russian Federation external debt is expected. According to the Central Bank, this index will reach $15.8 billion, and that is $8.6 billion more than in the current month.