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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Rupiah nears three-year low on outflow of foreign funds

  • The Jakarta Post

Jakarta | Wed, December 12 2012 | 09:58 am

PREMIUM The Indonesian currency continued to face pressure on Tuesday, falling near a three-year low, due to a surge in demand for US dollars for year-end payments and an increase in foreign fund outflows from the local equity market.

The rupiah weakened 0.4 percent to 9,665 per dollar as of 5:22 p.m. on Tuesday, prices from local banks compiled by Bloomberg showed. The currency touched 9,733 on Mo...