Mauritius

Mauritius’s central bank governor announced readiness to intervene in the FX market as the rupee fell to a new low of 49.1666 to the USD. Following a USD 50 mln intervention at 46.76 rupees to the USD on Monday, the governor affirmed the bank’s capability to continue market interventions, supported by USD 8.2 bln in international reserves, sufficient for 12.9 months of imports.