Mauritius’s rupee strengthened the most
il y a 12 ans, 10 mois - juin 14, 2011
Mauritius’s rupee strengthened the most in almost three months against the dollar after the central bank raised its benchmark rate to curb inflation.
The Indian Ocean island nation’s currency appreciated as much as 2 percent to 28 per dollar and traded 1.9 percent stronger at 28.05 by 10:58 a.m. in the capital, Port Louis. That made it the second-best performer worldwide against the dollar today after Solomon Islands’ dollar, according to data compiled by Bloomberg.
“Yesterday’s quarter of a percent rise is almost equivalent to the yearly yield on the dollar, for instance,” Nitish Benimadhu, a fund manager at the Port Louis-based Anglo Mauritius Financial Services Ltd., said by phone today. “This attracts hot money.”
