MOSCOW (AP) - The ruble barely moved against foreign currencies Friday morning despite the Central Bank's decision to give the national currency more trading room, allowing as much as a 10 percent devaluation.

The ruble - whose value has so far been restricted to a tight range by the Central Bank - was allowed a much wider trading range on Thursday, giving the ailing currency more space to depreciate.

But the ruble stood its ground, rising 0.1 percent to 37.1 rubles against a dollar-euro basket in early morning trade, helped by demand for the currency for corporate tax payments.

The Central Bank said Thursday it had set the ruble's new upper limit at 41 rubles against the dollar-euro basket - an attempt to draw a line under its losses ending a wave of near-daily devaluations that has wiped away one-fifth of the ruble's value since November.

Analysts said the risk of a sharp devaluation in the near term was moderated by tightened ruble liquidity on the Russian market, largely because companies have been selling foreign currency to meet monthly tax payment deadlines.

"The fact that there is very little ruble liquidity in the system currently should prevent any sharp move towards the maximum end of the basket over the short term," Moscow-based investment bank Uralsib said in a morning note to investors.

The currency rose 0.1 ruble to 32.9 against the dollar, and barely moved against the euro, around 42.5.