Monday, May 21, 2007

Indonesia's Rupiah Rises to Three-Year High Before Government Bond Auction

(Bloomberg) -- The Indonesian rupiah extended gains
to a three-year high against the dollar on speculation overseas
investors brought in funds to participate in a bond auction today.

Indonesia will sell 3 trillion rupiah ($343 million) of 20-
and 30-year bonds to help fund the budget deficit, according to a
Finance Ministry announcement on May 15.


Read more at Bloomberg Emerging Markets News

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