Rupiah falls as country misses its fundraising target

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Source: Bloomberg
The Indonesian currency decreased on Tuesday falling to the lowest level since March 2009 after the country raised $190 million by selling U.S. Dollar-denominated bonds, short of $450 million target on speculation that the Federal Reserve may cut stimulus soon.  The Rupiah slid 0.4% to 11,783 per U.S. Dollar by 10:02 a.m. Jakarta time, the least in almost 5 years.

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Tue, 26 Nov 2013 11:24:03 GMT

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