MOSCOW, April 2 (Reuters) – Russia’s central bank shifted the rouble’s floating trading band for the 23rd time since mid-February on Friday, allowing the currency to scale fresh 15-month highs versus the basket, dealers said.
The regulator moved its floating corridor to 33.85-36.85 roubles against the euro-dollar basket from 33.90-36.90 after purchasing $700 million at the boundary and some $100-150 million within the band, dealers said.
“The central bank stepped back because with such oil prices the market is turning around and more people are entering new short positions (in dollars and euros),” said a dealer at a major Russian bank.
By 1037 GMT, the rouble had climbed as far as 33.8836 versus the basket, according to Reuters data RUS=MCX — its strongest since late December 2008.
(Reporting by Andrey Ostroukh; editing by Toni Vorobyova)