Bank of Russia Sets Dollar Rate at 83.56 Rubles for October 1
The central bank also trimmed its official euro rate by more than a ruble, TASS reported.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
The Bank of Russia has set its official exchange rate for the U.S. dollar at 83.56 rubles, effective October 1, according to the state news agency TASS.
The central bank also adjusted its official euro rate, lowering it by 1.1815 rubles to 94.881 rubles, TASS reported, citing the regulator's daily rate-setting announcement.
Russia's central bank publishes official currency rates on each business day. The figures are used across the country for customs valuations, tax reporting and a range of other administrative and accounting purposes, rather than reflecting a single market transaction price.
The ruble's official rates against major currencies remain a closely watched indicator in Russia, where the currency's value affects import costs, inflation readings and household purchasing power.
Exchange-rate announcements of this kind are issued daily and are among the most closely tracked economic indicators inside the country, given their downstream effect on prices for imported goods and on the cost of foreign travel and cross-border transactions.
TASS did not report further comment from the Bank of Russia on the reasoning behind the day's rate changes.
Sources
- Bank of Russia sets dollar rate at 83.56 rubles for October 1 — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Comments
Loading comments…
Related articles
Russia's Current Account Surplus Rises to $16.9 Billion in Second Quarter
The country's central bank reported a trade balance surplus of $39.4 billion for the quarter.
Bank of Russia Expects Fuel Market to Normalize by Year-End
The central bank said the impact of recent fuel price pressures on other goods and services will be limited, with inflation expected to resume its decline.
Putin Says Russia Will Not 'Go Begging' Despite Economic Pressures
Addressing the newly elected State Duma, the Russian president said the country's financial system and economy remain stable and confident.
Turkish Stock Exchange Closes Sharply Lower Midweek
The benchmark BIST 100 index fell 2.79% at Wednesday's close as Turkish equities retreated.
Russian Stock Indices Rise on Wednesday, Market Data Shows
The ruble-denominated MOEX Russia Index gained 0.23% while the dollar-denominated RTS Index added 1.27% in Wednesday trading.
Pakistan's Competition Watchdog Calls for Reforms to Grow Underdeveloped Insurance Sector
The Competition Commission of Pakistan says stronger competition, digitalisation and wider market access are needed to lift insurance penetration from just 0.7% of GDP.