Russian cbank raises currency bracket by 5 kopecks to 35.15–42.15

MOSCOW, Feb 27 (PRIME) -- Russia’s central bank has raised both ends of the floating corridor of the dual-currency basket, comprising U.S. $0.55 and 0.45 euros, by 5 kopecks to 35.15–42.15 rubles, according to the regulator’s statement released Thursday.

The boundaries of the corridor are automatically revised by 5 kopecks when accumulated currency interventions reach $350 million.

The central bank announces changes to the trading band the next working day after they are introduced.

The regulator uses the ruble value of the dual-currency basket as a guideline for the currency rate.

The regulator has moved the limits of the dual-currency basket corridor up by a total of 2.10 rubles from 33.05–40.05 rubles as of January 1.

End