Russian Central Banks reconsiders currency corridor

Russian Central Banks reconsiders currency corridor

The Russian Central Bank reconsidered the currency corridor for the bicurrency basket of $0.55 and 0.45 euro for the third time in the past 5 weeks yesterday. The limit was increased by 0.05 rubles to 31.9-38.9 rubles, Vedomosti reports.

The intervention sum reached $450 million.

The dollar to ruble ratio reached 32.94 rubles, euro 43.97 rubles.

The price of the bicurrency basket on August 8 reached 37.91 rubles, similar to 37.93 rubles in September 2009.

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