MOSCOW, Oct 10 (Reuters) - Russia has shifted the exchange-rate corridor for the rouble by five kopecks, the central bank said on Thursday, following market interventions to stem the rouble's volatility against the dollar-euro currency basket.
The new corridor extends from 32.35-39.35 roubles to the basket as of Oct. 9.
Under its managed float, the central bank increases its market interventions as the rouble approaches the boundary of the corridor. Once an intervention allotment of $400 million is exhausted it automatically shifts the corridor.
The approach is designed to smooth market volatility, not defend levels.
The rouble was trading at 37.44 against the basket at 0612 GMT.
(Reporting By Jason Bush, Editing by Alessandra Prentice) Keywords: RUSSIA ROUBLE
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