Bank of Russia can prevent the devaluation of the ruble

"The world currency market has been a tumultuous day", - commented Sergei Bank.ru Karyhalin, senior analyst with UK "Kapital". "He grew up the euro. But most of all, it was only a correction to the collapse of the previous day. Euro on the previous trading down too much. The current strengthening of the single European currency can not testify about restoring confidence in the euro from investors. The Russian foreign exchange market in early trading day ruble grew up, but then again began to decline. No panic, but a market participant edgy. Therefore, the volatility of the trading floors high. Russia has started falling stock market. Declining world indices. As a result, it will negatively affect the Russian currency market. Changes in oil prices were low. Urals oil brand is a little less than 70 dollars per barrel. If this level is pierced and the oil will drop even further, it may fall to $ 65 and below. This will be a serious blow to the ruble. The current level of prices for "black gold" - critical. The pendulum can swing in the one or the other way. I note that in the European debt problem is very important psychological component. People believed in euros, believed that the eurozone is one. It is obvious that the single European currency expectations from investors were too high. If this negative can not be overcome, and the markets continue to fall out of the crisis takes place, will stagnate. In my opinion, the Bank of Russia can prevent the devaluation of the ruble, not to spend reserves. This decision can be made for two reasons. The decline in reserves may automatically result in a decrease in international rankings. It would be very bad for the country as a whole, and for companies. Secondly, if oil prices will fall, revenue will decline, and inflation will help close the hole in the budget, the market will be more rubles, it will be easier to fulfill social obligations ", - the expert believes. At 16:59 MSK on the UTS MICEX dollar rose to 31.1108 rubles ($ 0.1826), euro - up to 38.9822 (0.8184).