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Mauritius: Mauritian rupee depreciates again between May and June 2014

The Mauritian rupee, after having stabilised against the euro and the dollar on the market exchange between December 2013 and January 2014, depreciated again between May and June against the major foreign currencies.
The latest report of the Central Bank of Mauritius indicates that the weight of the currencies (index MERI * 1) in the trade of goods valued at 94.266 points in May reached 94.355 points in June.
Distribution of currency in trade and tourism on the island (index MERI 2) income was 94.032 points in May and rose to 94.085 points in June, as reported by the Le Défi Quotidien.
The Mauritian rupee was trading on Wednesday July 9, 2014 at 30.85 rupees per dollar and 41,60 rupees per euro in the wake of the increase of these two indices referents.
* Index MERI: Mauritius Exchange Rate Index (MERI), represents a weighted average of the exchange rate of the rupee.
This index assesses the movements of the rupee against the currencies of major trading partners of Mauritius.

Fabrice François

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