Stock market expert Babin assessed the fair exchange rate of the ruble.

Babin said that recently the ruble price of Brent crude exceeded 5.8 thousand rubles, having renewed historical maximums. He noted that then the price dropped slightly and now has been fixed around 5.5 thousand rubles. Taking into account the level of inflation and budgetary expenditures associated with the coronavirus pandemic, it can be concluded that at the current oil price, the ruble exchange rate is fair, the expert summed up.

According to him, if Brent quotes remain at the level of 74-75 dollars, then the American currency will mildly grow against the ruble so that the price of oil would correspond to the level that would be economically justified in terms of revenues of the state budget and oil & gas companies.