Russian central bank eases ruble restrictions
Cuts currency's daily intervention amount and widens trading band
The Central Bank of Russia (CBR) has trimmed its daily currency intervention amount and partly reversed an emergency measure it had implemented earlier this year in response to political turmoil, as it moves towards a floating exchange-rate regime amid easing tensions with Ukraine.
On Tuesday, the CBR said it will reduce by $100 million its daily intervention amount, which it uses to smooth out volatility in the seven-ruble band its currency is allowed to trade between against a basket of
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