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Mauritius: Mauritian rupee depreciates against the euro in April

The Mauritian rupee, after having stabilised against the euro and the dollar on the exchange between December 2013 and January 2014, depreciated again in April in the wake of 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 94.053 points in March reached 94.190 points in April.
Distribution of currency in trade and tourism on the island (index MERI 2) income was 93.811 points in March against 93.960 points in January, as reported by the Le Défi Quotidien newspaper.
The Mauritian rupee is trading this week at 30.58 rupees per dollar and 41.95 rupees to the euro following 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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