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Mauritius: Mauritian rupee increasingly depreciates against the dollar

The Mauritian rupee has again lost its value between August and September 2014 against the dollar according to figures from the Central Bank of Mauritius.
The latest report of the Central Bank of Mauritius indicates that the weight of the currencies (index MERI * 1) in the trade in goods valued at 94.508 points in August has reached 94.948 points last September.
Distribution of currency in trade and the income from tourism on the island (index MERI 2) encrypted on its side 94.187 points in August rose to 94.538 points in September.
The dollar is thus currently trading at about 31.80 rupees against 31.21 rupees in early September.
A strong dollar against the Mauritian rupee should drain in its wake the higher import prices and more expensive products by the end of the year for consumers, as reported the Le Défi Quotidien newspaper.
* 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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