Thursday, May 10, 2007

Indonesian Rupiah Slumps as Investors Cut Risk After Slide in U.S. Stocks

(Bloomberg) -- Indonesia's rupiah tumbled after a decline in U.S. stocks cut demand for relatively riskier assets.

The rupiah dropped 0.9 percent to 8,855 against the dollar as of 8:40 a.m. in Jakarta after falling as much as 1.5 percent to 8,893, the biggest decline since July.


Read more at Bloomberg Currencies News

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