Business · Markets · 9 hrs ago

Bank of Russia sets dollar rate at 83.76 rubles for October 16

Bank of Russia sets dollar rate at 83.76 rubles for October 16

The Bank of Russia set the official dollar rate at 83.76 rubles for October 16.

The rate is 18.97 kopecks lower than before.

The bank also set the euro rate at 93.7693 rubles and the yuan rate at 12.4991 rubles, both down from their previous levels.

These are official exchange rates for Russia, rather than prices quoted by every bank or exchange.

The central bank says it bases the dollar and euro rates on banks’ reported over-the-counter currency transactions.

The rates take effect on October 16.

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