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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Bank of Korea steps up won support with $9.6 billion sale

Bank of Korea South Korea

South Korea's central bank sold a net $9.612 billion through market intervention operations in the second quarter, stepping up efforts to curb weakness in the won, data showed on Wednesday, according to a report by Reuters.

The Bank of Korea's dollar-selling intervention marked the seventh consecutive quarter in which the central bank has sold foreign currency to support the won. In the first quarter, it sold a net $13.628 billion.

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