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