17.09.2013 - Rupiah passes rupee as Asia’s worst currency
Indonesia’s record current-account deficit will drive away foreign investors and add pressure on the rupiah, the worst-performing currency in Asia since the beginning of June, according to Nomura Holdings Inc. The CHART OF THE DAY tracks Indonesia’s current-account balance as a percentage of gross domestic product and the rupiah versus the dollar. The currency has weakened 13.9 percent since the start of June, compared with the 10 percent drop in India’s rupee, to be the worst performer in Asia during the period...............................................Full Article: Source
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