(Bloomberg) -- Indonesia's rupiah fell on speculation
the central bank will cut interest rates today, making currency
deposits less attractive.
The rupiah has dropped 2.5 percent this month, the biggest
decline among the 10 most-active Asian currencies, on bets Bank
Indonesia will lower borrowing costs for a 13th time since May
2006. The nation's benchmark rate of 8.5 percent compares with
5.25 percent in the U.S. and 7.50 percent in the Philippines.
Read more at Bloomberg Currencies News
the central bank will cut interest rates today, making currency
deposits less attractive.
The rupiah has dropped 2.5 percent this month, the biggest
decline among the 10 most-active Asian currencies, on bets Bank
Indonesia will lower borrowing costs for a 13th time since May
2006. The nation's benchmark rate of 8.5 percent compares with
5.25 percent in the U.S. and 7.50 percent in the Philippines.
Read more at Bloomberg Currencies News
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