The Central Bank also said Monday that it had shifted the ruble's trading band by 35 kopeks in the previous session, following market interventions to curb the pace of currency's decline.
As of Oct. 24, the ruble's new floating corridor extended from 38.05 to 47.05 against a dollar-euro basket, compared with 37.70 to 46.70 previously.
The Central Bank also said Monday that it had conducted 113.64 billion rubles' ($2.72 billion) worth of forex interventions to defend the ruble on Oct. 23.
The central bank releases its interventions data with a time lag. The ruble has been sliding on falling oil prices and broad risk aversion towards Russia because of its role in the Ukraine crisis.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
