Forex Market: BoM Intervenes with $50 Million in a Week

The Central Bank sold $25 million at a rate of Rs 44.80 per dollar on September 13.

This intervention comes just one week after a similar sale of $25 million at a rate of Rs 45.15 per dollar on September 6.

So far, the total intervention for the month of September has reached $50 million.

As a point of reference, the Bank of Mauritius had intervened with $20 million for the entire month of September last year.

Source: Defi Media