Advanced Search

About Markets

The Bank of Mauritius Act 2004 specifies that the Bank shall conduct the monetary policy and manage the exchange rate of the rupee, taking into account the orderly and balanced economic development of the economy. The Financial Markets Operations Division (FMOD) of the Bank is responsible for the implementation of the monetary policy through the conduct of open market operations, namely Repurchase transactions, Special Deposits from banks, issue of Bank of Mauritius instruments, as well as intervention in the domestic foreign exchange market to smooth out any volatility in the rupee exchange rate. The FMOD monitors developments in the domestic money and foreign exchange markets to ensure that they function efficiently. 
The FMOD is also actively involved in the management of public debt through the conduct of auctions of government securities.