The Mauritian stock exchange has gained 3 percent since the central bank cut borrowing costs on July 20, and is at levels last seen in April. Policy makers cut the benchmark rate by 40 basis points, citing a weakened economic outlook following the U.K.’s decision to leave the European Union. The U.K. accounts for 12 percent of Mauritius’s exports and tourists, according to central bank Governor Rameswurlall Basant Roi.
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