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Rupiah Falls Most in Two Weeks on Bets Importers Will Buy Dollar


30 Oct 2012 08:24 GMT   التعليقات ()       إضافة تعليق       طباعة       إرسال لصديق


Indonesia's rupiah fell the most in two weeks on speculation importers will step up dollar purchases to meet month-end payments.

A decline in the currency is probably being curbed by fund inflows into the nation's bond market, said Veni Kriswandi, head of trading at PT Bank Commonwealth. Indonesia plans to raise 500 billion rupiah ($52 million) by offering Islamic securities today, after a debt auction last week drew bids for three times the amount offered.

"The rupiah is going to be in a tight range," said Jakarta-based Kriswandi. "We have some offers coming because of the sukuk auction going on today and we have the usual month-end buyers of dollars."


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