Argentina central bank sells $45.5 mln to support exchange rate

Oct 21 (Reuters) - Argentina's central bank sold $45.5 million from its reserves on Tuesday to support the exchange rate, after the peso reached the upper limit of the central bank's floating band.

The central bank has kept the peso in a managed band since April, intervening at times to keep the exchange rate within that range, which on Tuesday sat at 938.33 and 1,491.07 pesos per dollar for buying and selling, respectively.

Following the intervention, the central bank's international reserves stood at $40.539 billion.