Thu, Jan 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

The rupee is no longer Asia’s worst currency

Posted on 18 September 2013

New figures from Nomura Holdings show the Indonesian rupiah to be Asia’s worst performing currency. The rupiah has weakened almost 14% since the start of June, compared with a 10% slide in the Indian rupee.
The rupiah’s fall is a result of Indonesia’s record current-account deficit. The Bank of Indonesia has embarked on an aggressive tightening policy and has also eaten into the country’s foreign-currency reserves in a bid to protect the rupiah………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39021 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031