Russia central bank shifts intervention bid level to 35.60 rouble to basket after buying $700 mln

Russia’s central bank today moved it’s intervention bid level after buying as much as $700 mln on the fx market.

The level was moved down to 35.60 from 35.65.

Meanwhile, Russia’s deputy economy minister says the rouble may strengthen to 26-27 per dollar due to high oil prices and capital inflows, which would be “dangerous for economy.”