NAIROBI (Reuters) – Mauritius’ central bank said on Wednesday it sold $100 million to the domestic foreign exchange market to help contain inflation.
Since the outbreak of the COVID-19 pandemic, the Bank of Mauritius sold a total of $3.5 billion to commercial banks, the bank said in a statement.
“Amongst others, this latest intervention aims at further containing inflation in the country,” the bank said.
The bank sold $200 million to commercial banks in April, representing its largest ever single intervention on the domestic currency market.
The rupee was trading at 43.65/43.95 on Wednesday, Refinitiv data showed, down 0.44% against the dollar since the start of the year.
(Reporting by Hereward Holland; Editing by Alison Williams and James Macharia Chege)
