Under the coronavirus situation in India, Brent crude oil prices fall
The exchange rate of the tenge paired with the US dollar fell again. Anna Bodrova, a senior analyst at the Alpari Information and Analysis Center, said that at KASE on Tuesday, under the background of falling oil prices and a generally diversified market environment, people’s interest in strengthening was limited.
“Because the price of Brent crude oil is between US$67 and US$68.20 per barrel, the firm price should be quite stable. This is a good price range, but the market is sensitive to changes in market sentiment and can avoid risks.” The situation in the department is logical. Today, the price of Brent crude oil has fallen to US$67.77 per barrel due to the increase in new cases of the coronavirus in India and the discovery of new strains in the country. Experts pointed out that India is a densely populated country with great health problems. Therefore, the deterioration of the situation here is indeed regarded as a huge risk.
In Kazakhstan’s internal news, it is worth noting that the incidence of coronavirus has improved locally.
“The faster the virus is controlled, the easier it will be for Kazakhstan’s economy to recover. In the near future, the currency sector will continue to develop in an understandable direction. “For the dollar, this is the range of 426-428 tenge. For the euro The exchange rate is 518-520 tenge, for the ruble -5.7-5.75 tenge,” Anna Bodrova said.
Kazakhstan’s banking industry is on a growth track
By the end of the first quarter of 2021, the total net profit of second-tier banks will exceed 283 billion tenge