Bank of Russia raises official dollar rate to 84.93 rubles for October 6
In short
The Bank of Russia set the official dollar rate for October 6 at 84.93 rubles, up 1.45 rubles from 83.48 rubles on October 3, with the euro rising 1.01 rubles to 95.33 rubles and the yuan up 0.22 rubles to 12.65 rubles. RBC reported the ruble fell on Finance Ministry plans to increase currency purchases in October. The Finance Ministry said it would direct 279.42 billion rubles to buy foreign currency and gold under the budget rule from October 7 to November 6, with daily purchases equivalent to 12.7 billion rubles.
Why it matters
The official exchange rates are used for settlements on the Moscow Exchange futures market, so the move affects contract values. The Finance Ministry's planned currency and gold purchases under the budget rule may add pressure on the ruble, according to RBC. The documents do not give a broader official assessment of the ruble's direction.
Key facts
- The Bank of Russia set the official dollar rate for October 6 at 84.93 rubles, up 1.45 rubles from 83.48 rubles on October 3. [ 1 , 3 ]
- The official euro rate for October 6 was set at 95.33 rubles, up 1.01 rubles, and the yuan rate rose 0.22 rubles to 12.65 rubles. [ 1 , 3 ]
- RBC reported the ruble fell on Finance Ministry plans to increase currency purchases in October. [ 2 ]
- The Finance Ministry said it would direct 279.42 billion rubles to purchase foreign currency and gold under the budget rule, with operations from October 7 to November 6. [ 3 ]
- The daily volume of the Finance Ministry's currency and gold purchases will be equivalent to 12.7 billion rubles. [ 3 ]
- The Finance Ministry estimated additional oil and gas revenues in October at 289.46 billion rubles. [ 3 ]
- The deviation of actual oil and gas revenues from the expected volume in September was -10.04 billion rubles. [ 3 ]
Confirmed by several sources
Still unclear
- RBC attributed the ruble's fall to Finance Ministry plans to increase currency purchases in October. Single-source attribution; TASS and Vedomosti do not give a reason for the ruble's decline.
- The Finance Ministry's plan to direct 279.42 billion rubles to currency and gold purchases under the budget rule is reported only by Vedomosti. Single-source claim; no other document in this set mentions the budget-rule operations.
What local media are saying
Timeline, local time
- TASS reports the central bank raised the official dollar rate for October 6 to 84.93 rubles and the euro rate to 95.33 rubles. [ 1 ]
- RBC reports the central bank raised the official dollar rate by almost 1.5 rubles and says the ruble fell on Finance Ministry plans to increase currency purchases in October. [ 2 ]
- Vedomosti reports the official rates for October 6 and the Finance Ministry's plan to direct 279.42 billion rubles to foreign currency and gold purchases from October 7 to November 6. [ 3 ]