German Court Decision Sees Mauritius Rupee Extend Losses to Euro
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Mauritius’s rupee weakened for a seventh day against the euro, its longest losing streak in eight years, after a German supreme court approved a 500 billion-euro ($645 billion) rescue plan for the trade area.
The currency headed for the longest sequence of declines since Oct. 25, 2004, according to data compiled by Bloomberg. It weakened as much as 0.7 percent, and was trading 0.2 percent lower at 39.1758 a euro at 3:18 p.m., in Port Louis, the capital, lowest since Dec. 1. Against the dollar, the rupee was at 30.35, the first decline in three days.