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Euro rises to record high vs ruble on Moscow Exchange

October 28, 2014, 11:50 UTC+3 MOSCOW
The euro rose by 0.6% against the Russian ruble in early trading on the Moscow Exchange on Tuesday to a record high of 54
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© Sergei Bobylev/TASS

MOSCOW, October 28. /TASS/. The euro rose by 0.6% against the Russian ruble in early trading on the Moscow Exchange on Tuesday to a record high of 54.

The US dollar rose by 0.5% against the ruble to 42.25.

The value of the bi-currency basket comprising €0.45 and $0.55 grew by 25 kopecks against the ruble to 47.65.

The Russian Central Bank’s ruble trading band currently stands at 38.4-47.4.

The Russian regulator uses the ruble value of the bi-currency basket as an operational benchmark to mitigate the ruble’s excessive volatility. Once the regulator’s interventions at a trading band boundary reach $350 million, the trading band limits are automatically shifted by 5 kopecks.

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