Bheenick "Fuel Prices Have Risen in Part due to Depreciation of Rupee

"The depreciation of the rupee is one of the factors that drove inflation. We always feel its effects. Moreover, the depreciation of the local currency is one of the factors taken into account to increase the prices of petroleum products and gas appliances, "said the Governor of the Bank of Mauritius at a press conference Wednesday, March 13.

It is "very dangerous," he says, "play with the level of the rupee." "Everyone may be affected by the population as exporters," he is out. And to specify that the Bank of Mauritius ensures grain "that does not depreciate the local currency excessive" even more, he says, that the Mauritian rupee "is very bad compared to other country. "

Rundheersing Bheenick also expressed fears about inflation risks. It provides for annual inflation (year on year inflation) of about 6% this year. He also emphasized the coordination between Finance and the Bank of Mauritius. "There have always been close coordination between the Bank of Mauritius and the Ministry of Finance. There will now be greater public appearance of this coordination with the change in the law, "said the governor while stating that the main objective of the Bank of Mauritius remains price stability.