Sep
02
Rupiah Declines to Asian Crisis Low as EM Rout Worsens
By-
‘Weak external payments position’ spurs rupiah weakness: ING
- Bank Indonesia has raised rates four times since mid May
Indonesia’s rupiah slid to a two-decade low, spurring intervention from the central bank as the meltdown in Argentina and Turkey raises scrutiny on emerging markets with current account deficits.
The rupiah fell to 14,750 per dollar, the weakest level since the 1998 Asian financial crisis, while the benchmark bond yields advanced 10 basis points to the highest level since 2016. The Jakarta Composite Index slipped as much as 1.3 percent…
Rupiah Declines to Asian Crisis Low as EM Rout Worsens
