Despite the short suspension, which has been going on for several days of the fall of the exchange rate. In their opinion, the currency market will soon enter the phase when the inflow of currency in the current account will cease to cover the operations of the Ministry of Finance in its purchase to replenish the reserves. Related problems will begin in the market in April, analysts of Raiffeisenbank. According to the Bank of Russia, in February, the foreign exchange earnings of the Russian economy amounted to $ 8 billion. Of these, $ 5.2 billion went to replenish the National Welfare Fund. In March, according to Raiffeisenbank's estimates, foreign exchange earnings estimated at $ 8.7 billion will also be able to cover purchases ($ 4.5 billion), but this situation will change dramatically in April. In the last two spring months, it is expected that, against the backdrop of growing imports and a reduction in energy exports, the Ministry of Finance will be buying up almost all of the foreign currency earnings that come in the current account. Further, according to Raiffeisenbank's estimates, the Ministry of Finance will buy up more currencies until the end of the year than it is earned by the country's economy. Than it can turn out, it is extremely clear. According to the bank, this will lead to a reduction in the supply of currency on the market and its liquidity, and at the same time to the increase in the value of foreign currency loans. The only source of coverage for the alleged currency gap is the resumption of a massive buying up of Russian OFZs by foreign investors. On what pitfalls are waiting for the Ministry of Finance of the Russian Federation along this path, it has already been said. According to analysts of Raiffeisenbank, all this may lead to a fall in the ruble to levels above 60 for $ 1. As an initial condition, the bank's experts consider oil prices as stable, holding at the level of about $ 64.8 per barrel. With the forecasts of Raiffeisenbank, the analyst of FC Kalita-finance Dmitry Golubovsky. "Now for the dollar / ruble the last wave has gone down," he said.. - After this, we can wait for the recurrence of the events of 2015. And on technical analysis, and in terms of all the fundamental and seasonal factors, we live out the last weeks of a strong ruble. I expect that before the big wave of weakening, one more minimum dollar / ruble should be put. I think he will be de facto "timed" to the inauguration. And then - all ". According to the expert, from the point of view of technical analysis, at present,. diagonal triangle.

"Now we are going to its lower border," continued Golubovsky. - From it - again up, and, I think, at the next call up this "triangle" in the dollar will be punched up. This is the basic scenario - first down, and then - up, and, most likely, very much upwards ". According to the expert, in the second half of April the minimum value for the dollar / ruble will be set. And then - just up. "The first target is 62 rubles per dollar," Golubovsky said.. - Then all "dvizhna" will go somewhere in the area of ??72 - 78 rubles ".