BELGRADE Serbia's central bank sold euros on the domestic interbank market on Friday to boost the recovery of the dinar after it kept its benchmark rate at 4.5 percent a day earlier, dealers said.
The bank which so far this week has sold 130 million euros in support of the dinar, stepped in on Friday with the dinar trading at 122.1, 0.21 percent stronger than the previous close, they said.
On Thursday, the central bank kept the benchmark rate at 4.5 percent citing the likelihood of a US Federal Reserve rate hike, that outweighed local factors including low inflation.
Comments
Comments are closed.