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Investor Sidorov predicted the growth of the dollar to 80 rubles in April

Photo by Kenny Eliason on Unsplash

According to the expert, the ruble is clearly set to weaken.

“In the medium term in April we can expect the dollar to rise to 80 rubles, the euro to 85-86 rubles per unit. The tax period in Russia is over: now importing companies are buying more currency than selling it, the main payments, which usually support the ruble, will start in the last decade of the month,” Sidorov explained.

In his opinion, even growing oil quotations are unlikely to support the ruble exchange rate.

According to the forecast of the interlocutor , in three to six months, the dollar will cost more than 80-85 rubles, and the euro will exceed 90 rubles.

Earlier it was reported that the euro rate on the Moscow Stock Exchange exceeded 84 rubles for the first time since April 20, 2022.

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