MOSCOW--The Bank of Russia said Tuesday it didn't shift the
ruble's trading band at the beginning of this week for the first
time this month as oil prices recovered slightly from October
lows.
The central bank said the ruble's trading stood at 37.30-46.30
rubles against the euro-dollar basket by the end of the main
trading session Monday, at the same level as late on Friday.
The central bank keeps the ruble within a floating band and
starts selling dollars and euros to cushion the currency's decline
whenever the ruble moves to the weak end of the band.
As the ruble came under strong downside pressure in early
October, the central bank had to carry out the heaviest
interventions since March and has been shifting the band daily this
month before Monday.
The central bank also said Tuesday it spent $0.21 billion to
prop up the ruble slide on Oct. 17.
The ruble eased 0.1% in early trade to 46.28 versus the
euro-dollar basket, sliding toward an all-time low of 46.30 hit
late last week.
Write to Andrey Ostroukh at andrey.ostroukh@wsj.com
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