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BoM Continues Forex Market Interventions with $25 Million Sale

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7 months ago

on

13/10/2023

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News Moris Editor

BoM Continues Forex Market Interventions with $25 Million Sale

BoM Continues Forex Market Interventions with $25 Million Sale

The Bank of Mauritius, which had intervened four times in the foreign exchange market in September with a total of $100 million, is maintaining its intervention strategy.

On Wednesday, October 11, the BoM sold $25 million at a rate of Rs 44.25/dollar.

The cumulative total of its interventions for the current month has reached $50 million.

The Central Bank had also injected $25 million at a rate of Rs 44.25/dollar on October 4.

Source: Defi Media

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BoM Continues Forex Market Interventions with $25 Million Sale

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