Markets

Peru central bank buys $68m, sol ends flat

Published May 7, 2012 Updated May 7, 2012 08:03pm

LIMA: Peru's central bank bought $68 million on the local spot market on Monday, curbing the local currency's earlier gains.

The sol ended bidding 2.641 per dollar, unchanged from its Friday close.

The central bank frequently intervenes in the spot market and last week raised reserve requirements on banks in a bid to discourage inflows of speculative capital as the sol trades around its strongest level in 15 years.

Copyright Reuters, 2012