We propose a microscopical theory of superconductivity in CuO$_2$ layer within the effective two-band Hubbard model in the strong correlation limit. By applying a projection technique for the matrix Green function in terms of the Hubbard operators, the Dyson equation is derived. It is proved that in the mean-field approximation d-wave superconducting pairing mediated by the conventional exchange interaction occurs. Allowing for the self-energy corrections due to kinematic interaction, a spin-fluctuation d-wave pairing is also obtained. $Tsb{c}$ dependence on the hole concentration and $bf k$-dependence of the gap function are derived. The results show that the exchange interaction (which stems from the interband hopping) prevails over the kinematic interaction (which stems from the intraband hopping).
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