OREANDA-NEWS The dollar exchange rate in the first minutes of trading on the morning of March 10 fell by 4.2% (almost 5 rubles), to 115.02 rubles. However, by 10:15 Moscow time, the US currency rate soared to a record 121.52 rubles. This is evidenced by the data of the Moscow Stock Exchange. The euro, in turn, rose to 130.4 rubles. The ruble has been falling since the beginning of a "special military operation" in Ukraine.

As of 10:41 Moscow time, the dollar exchange rate is 120.1 rubles, the euro is 129.7 rubles.

"Today we expect that an inertial growth of the dollar to the level of 130 rubles is possible, but we expect that exporters will be able to reduce the pressure on the national currency and fix the dollar in the range of 120-130 rubles. It is worth noting that local support for the national currency may come from today's meeting of Foreign Ministers Lavrov and Kuleba to resolve the Ukrainian crisis," said Egor Zhilnikov, chief analyst of the Department of Economic and Industry Analysis of Promsvyazbank.

Earlier, Alexey Antonov, chief analyst at Alor Broker, said that the measures taken by the Bank of Russia will soon begin to bring results and the ruble will strengthen.

On March 9, the Central Bank imposed restrictions on foreign currency transactions. Until September 9, banks will not sell cash currency to the population. It will be possible to withdraw no more than $10,000 in cash from a foreign currency deposit, the remaining amount will be issued in rubles at the market rate on the day of issue.