The dollar rate fell by 1.6% below 72 rubles in the course of trading on the Moscow Exchange, first time since December 29, 2015.

On Friday, Brent crude price grew to $38 per barrel on the ICE Exchange in London.

Meanwhile, against the backdrop of the growth in oil price, the MICEX index rose by 1.05% to 1878.29, which is the highest since June 2008.

“The balance of risks for oil is gradually shifting towards the growth to $40 per barrel. One should not rule out that oil prices will climb higher by another 60 cents, while the MICEX index may go up to 1,892 points. We should not rule out the decline of the dollar/ruble to 72 and the accompanying growth of RTS index to 826 points,”- Mikhail Krylov director of analytical department of the IR” Golden Hills – Capital AM said.

At the same time such factors as geopolitics and the sanctions still pose risk to the growth of domestic assets, Konstantin Karpov, expert with BCS Express said.