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View Full Version : Mauritius Feels Euro-Area Crisis Winds as Trade Deficit Swells - Bloomberg



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05-29-2012, 07:00 AM
Mauritius Feels Euro-Area Crisis Winds as Trade Deficit Swells (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGq888bsCFcJFLOL8l-WmgtyJKI6Q&url=http://www.bloomberg.com/news/2012-05-29/mauritius-feels-euro-area-crisis-winds-as-trade-deficit-swells.html)
Bloomberg
The rupee weakened 1.5 percent in the first quarter against the euro, which makes up about 41 percent of the country's foreign-currency income, according to the Bank of Mauritius. “Our rupee is still overvalued,” Padayachy said.

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