HONG KONG: The Hong Kong Monetary Authority (HKMA) sold HK$1.163 billion ($150.06 million) into the market on Tuesday as the local currency strengthened to the limit of its trading range, according to data released by the central bank.

The HKMA has been conducting sales in recent sessions to keep it within the band.

The Hong Kong dollar is pegged to the greenback at 7.75-7.85 per US dollar.