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Markets

Peru's central bank buys $40 million, sol ends bidding stable

Published Updated

peru solLIMA: Peru's central bank bought $40 million on the local spot market on Monday and the sol currency ended bidding stable at 2.608 per dollar.

The central bank raised reserve requirements this month and has been intervening in the local spot market regularly as high foreign liquidity has helped the sol trade around some of its highest levels in more than 15 years.

Copyright Reuters, 2012

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