OREANDA-NEWS  On Tuesday, March 10, the dollar exchange rate in the Forex market rose sharply and at the moment exceeded the psychological mark of 80 rubles. This is evidenced by Investing data.

At its peak, the quotes of the US currency reached about 80.43 rubles, showing an increase of more than two percent. The last time they were at a comparable level was on January 9th. By 13:45 Moscow time, the dollar exchange rate had stabilized around 78.84 rubles. By that time, euro quotes were at the level of about 91.77 rubles.

Such dynamics can be traced against the background of a sharp reduction in currency sales by the Russian Central Bank. Due to the upcoming revision of the budget rule, the Ministry of Finance has stopped transferring funds to the regulator for sale on the stock exchange. From February 6 to March 5, sales amounted to 16.52 billion rubles, but now they have dropped approximately four times indefinitely.

Despite the noticeable weakening of the ruble against the dollar, a number of experts consider this insufficient. Andrey Kostin, the head of VTB, called the optimal exchange rate of the American currency a corridor of 90-100 rubles. In this scenario, the head of the financial organization explained, export revenues to the state treasury would increase, and the budget would be able to partially cover the growing deficit.