(Bloomberg) -- Indonesia's rupiah extended a decline
after the central bank cut interest rates for a 13th time in more
than a year, making local currency deposits less attractive.
Bank Indonesia lowered its reference rate for bill sales by
a quarter-percentage point to 8.25 percent, as expected in a
Bloomberg News survey of economists. The rupiah is the worst
performer among 10 of Asia's most-active currencies over the past
month, dropping 2.5 percent, even as the benchmark stock index
traded at an all-time high as investors reduced risk.
Read more at Bloomberg Currencies News
after the central bank cut interest rates for a 13th time in more
than a year, making local currency deposits less attractive.
Bank Indonesia lowered its reference rate for bill sales by
a quarter-percentage point to 8.25 percent, as expected in a
Bloomberg News survey of economists. The rupiah is the worst
performer among 10 of Asia's most-active currencies over the past
month, dropping 2.5 percent, even as the benchmark stock index
traded at an all-time high as investors reduced risk.
Read more at Bloomberg Currencies News
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