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Central Bank intervenes on Forex market once again

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Central Bank intervenes on Forex market once again

The Bank of Mauritius has intervened again on the domestic foreign exchange market again and sold a total amount of USD15million at the rate of Rs42.90/USD.

The move comes less than two weeks after the historical intervention of USD200million (Rs 8.6billion) at the rate of Rs 42.95/USD.

Analysts said there is a deliberate move to appreciate the Rupee.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.