Already 114 per dollar: the rate of the ruble has broken an anti-record, the Russian stock market continues to decline.

On the international currency market Forex, the Russian national currency has reached a new anti-record.

On November 27, the dollar rate exceeded 114 rubles, and the euro reached 117 rubles, which is the lowest level since March last year.

The Central Bank of Russia set the official rate at 105.06 rubles per dollar, but real trading shows higher values. Since the beginning of August, the Russian currency has lost more than 24% of its value.

The situation is complicated by a significant decline in the stock market, which has fallen by more than 20% since the beginning of the year. Investors prefer to transfer funds to deposits, attracted by high interest rates, exceeding the Central Bank's base rate of 21%. The current weakening of the ruble has a significant impact on inflationary processes.

According to the Central Bank's calculations, a decrease in the exchange rate by every 10% leads to an increase in inflation by 0.5 percentage points. A four-month decline may lead to an additional price increase of 1.5 percentage points. Financial experts predict further weakening of the Russian currency by the end of the year.

It is expected that the rate may reach 115-120 rubles per dollar. Sanctions against Russia's financial sector have worsened the situation, disrupting the system of foreign trade payments, especially in the oil and gas sector, leading to a physical currency deficit on the Russian market.