Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
MOSCOW, January 29. /ITAR-TASS/. The Bank of Russia (CBR) January 28 has widened the floating bi-currency trading band for 5 kopeks (which consists of $0.55 and €0.45), CBR reported.
The Bank of Russia uses the bi-currency basket to level the consequences of acute currency rate fluctuations. When the volume of accumulated support of CBR on one of the trading band limits reaches $350 million, the trading band is immediately shifted for 5 kopeks.
January 27, the Bank of Russia for the first time since October 2011 has widened the floating bi-currency trading band up for 15 kopeks. The limits were set at 33.65-40.65 rubles.
During the previous week (January 20-24), the ruble rate to dollar dropped by 96 kopeks, and ruble-euro rate dropped by 160 kopeks, according to MICEX data.
The biggest drop of the ruble was registered on Thursday and Friday (January 23-24). January 23, the exchange rate of euro to ruble rose on MICEX by 81 kopeks to 46.77 rubles, renewing the maximum since February 2009, and on January 24 it covered the limit of 47 rubles and set a historical record of 47.36 rubles for €1.