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Is this currency about to follow the rupee’s crash course?

Posted on 15 August 2013

The spectacular fall in the rupee has been grabbing market attention in recent months, but the focus could soon shift to the Indonesian rupiah, which Credit Agricole warns could suffer the same fate as the embattled Indian currency.
Dariusz Kowalczyk, senior Asia ex-Japan strategist at Credit Agricole, said Indonesia’s slowing growth and rising inflation, which exceeds India’s, as well as an increasing current account deficit and low foreign exchange reserves, are starting to resemble the problems faced by India’s economy………………………………………..Full Article: Source


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