ROUBLE CLIMBS UP VS. DOLLAR

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MOSCOW, JANUARY 20, RIA NOVOSTI - Today's unified session of the Moscow Interbank Currency Exchange brought the US dollar lower down, by 1.08 kopecks, on a fairly long-established trend persisting for several weeks now.

The rouble is sliding down, on the contrary, against the euro in the world markets. Experts don't think this has any considerable influence on the rouble/dollar rate.

Today's transactions were within a R28.785-28.7875/$1 bracket, dealers say. The Central Bank of Russia was going on with dollar acquisition at a previous support level rate of R28.785/$1.

The Central Bank has lately stocked in an approximate 100 million dollars from other banks-a modest amount, Alexander Karpov, Zenith bank dealer, said to Novosti.

To all appearances, the Central Bank will soon reduce its support level-it is acquiring US dollars at the lowest possible rate, as it is. Dealers expect it to offer a great stock of dollars starting early next month, when currency revenues reappear in the market.

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