BoM Sells 15 Million Foreign Currency Dollars at Rs 46.75 Rate

The Bank of Mauritius (BoM) has once again intervened in the foreign exchange market, selling $15 million of foreign currency at a rate of 46.75 Mauritian rupees per US dollar on Thursday, 5 November. This latest sale brings the central bank’s cumulative foreign‑currency sales to $155 million across 11 separate interventions carried out since the beginning of the year. The BoM’s interventions have been aimed at supplying foreign currency to the market. The following is a timeline of the bank’s sales: – 14 January: $10 million – 9 March: $15 million – 16 April: $15 million – 12 June: $10 million – 26 June: $15 million – 3 September: $15 million – 24 September: $15 million – 5 October: $15 million – 15 October: $15 million – 22 October: $15 million – 5 November: $15 million The information is reported by Defi Media.

Article source: NewsMoris | Image credit: NewsMoris

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