With the upcoming bounce in Tourism and upcoming military talks between Mauritius and the UK, we expect a bounce in the USDMUR pair. The Bank of Mauritius, the BOM, has also stopped selling some of its USD reserves.
That and more foreign inventory buying by local companies will accelerate the rise of USDMUR.
Look, I am not saying it will rise right now, you...
The Mauritian Rupee has been losing ground against the US Dollar and has lost almost 35% since 2014. The recent spike has accelerated this depreciation. Would the influx of tourists following the reopening of the borders - which should increase the supply of forex in the market - bring about a stabilisation in the USD/MUR rate?
