BoM sells another $25m

The Bank of Mauritius intervened again in the foreign exchange market, selling $25 million at a rate of Rs 44.50 per dollar on September 27.

This resulted in a 15-cent gain for the Mauritian rupee compared to the previous sale on September 21.

Finance Minister Renganaden Padayachy said that the rupee’s appreciation will continue, cautioning against speculation.

In total, the Bank of Mauritius has injected $100 million into the market in September.

The pound sterling/rupee exchange rate decreased by 0.41% to Rs 55.37, while the euro/rupee lost 0.19% at Rs 48.16.

Source: Defi Media