The ruble fell by 1.5%, the Russian stock market also showed a decline

The ruble exchange rate on the evening of February 11 was falling against the dollar and the euro.

Thus, as of 20:29 Moscow time, the exchange rate of the American currency was 76.19 rubles, thus, the ruble fell by 1.5%.

The euro amounted to 86.84 rubles, the ruble fell by 1.2%.

On February 11, the Russian currency fluctuated rather intensively. As Prime writes, the decisions and comments of the Central Bank of the Russian Federation on the key rate and monetary policy turned out to be close to consensus, which stabilized the ruble exchange rate. Some support for the national currency was provided by comments on the issue of resuming purchases of foreign currency under the budget rule.

At the same time, geopolitical volatility persisted.

So, today the Russian Foreign Ministry said that Moscow cannot accept a collective response from NATO countries to observe the principle of indivisible security, and is waiting for a detailed response from each addressee. The ruble reacted to such a statement with a sharp subsidence against the dollar and the euro. However, against the background of the press conference of the head of the Central Bank, the currency of the Russian Federation quickly leveled this failure.

Nevertheless, the “Friday factor” and the persistence of political risks still pushed the ruble into the red against both major reserve currencies.

As for the Russian stock market, it also fell under the pressure of global sales on fears of a quick tightening of monetary policy by the US Federal Reserve due to rising inflation, as well as against the background of the expected decision of the Bank of Russia to raise the key rate.

As a result of the main trades, the Moscow Exchange index amounted to 3546.62 points (-3%, the minimum of the day – 3514.12 points), the RTS index – 1470.1 points (-5%); the prices of the majority of blue chips on the Moscow Exchange decreased by 9.7%.