OREANDA-NEWS  The dollar exchange rate rose sharply during trading on the Moscow Stock Exchange on May 26 above the mark of 65 rubles, according to the data of the site.

The euro exchange rate is also significantly strengthening against the ruble, the European currency is trading above 69 rubles. At the minimum during the auction, the dollar was worth less than 60 rubles, the euro — less than 61 rubles.

The ruble is declining against major currencies against the background of a reduction in the key rate by 3 percentage points at once, to 11 percent. The corresponding decision was made at an extraordinary meeting of the Board of Directors of the Central Bank.

At the same time, in recent weeks, the ruble has significantly strengthened against the background of a number of restrictions adopted after the imposition of sanctions, requirements for the mandatory sale of 80 percent of foreign exchange earnings, relaxed only at the end of May, as well as low demand from importers.