Modi is travelling to Mauritius primarily to grace the island nation's national-day celebrations as the chief guest on March 12
It will be the first trade agreement to be signed by India with a country in Africa.
Manulife Asset Management's senior strategist also talked about the Mauritius treaty. He said the amendments in the India-Mauritius tax treaty aren't retrospective and they certainly address many tax issues.
The USD has been trending strong against the emerging market currencies for the last few days and some Asian currencies like the Malaysian ringgit (MYR) have weakened against USD, but rupee level has been exceptionally stable at around 66.75-67 levels, Neeraj Gambhir, MD & Head- Fixed Income at Nomura.