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The Mauritian rupee stabilized against the US dollar

Since the beginning of the year, the Mauritius Central Bank has brought to the table on the interbank currency market around 10.7 billion rupees to buy 309.5 million dollars in order to stabilize the rupee against the dollar.

In 2015, the Mauritian rupee has lost more than 8% of its value against the US dollar. Since the early of September, the Mauritian rupee has stabilized and was trading at 35.95 rupees per dollar on September 17th.

A strong dollar against the Mauritian rupee mechanically drains in its wake higher import prices and more expensive products for Mauritian consumers. The price of rice, dried beans, oil and meat prices were particularly impacted.

Moreover a strong US dollar against the Mauritian rupee is also a handicap for imports of petroleum products to Mauritius.

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