USDRUB - maybe an opportunity?

Hi Guys

In Russia some banks are selling USD for 39 RUb, currently interbank brokers quote at 36.50, but from economic theory what I know real market (retailers) should affect interbank when there is difference between quotes. What do you think is it good opportunity to short RUB?

Central Bank of Russia increased interest rates from 5.5 to 7% today to add support to their falling ccy. That market will be extremely volatile.

I'd be weary of asking the FF community for recommendations on trades.

Central bank rate increase usually works for stable country, but when there is war threats and mass economic blockade threats coming from USA and wet central banks rate increase doesn't work.

I know people are trying to sell huge quantities of RUB but cannot at the moment, some banks ran out USD cash. So it is on retain market.

Russian stocks fall already


I think in long term USDRUB is going to 40 and then 45, and Russian central bank will use this rate as new equilibrium