Indonesian rupiah slides 1 per cent to weakest since July 1998
Published Wed, Sep 23, 2015 · 04:16 AM
[JAKARTA] Indonesian rupiah falls 1 per cent to 14,645 per dollar on Wednesday, a new 17-year low for the currency, as deepening concern over China's economy hit Asian currencies and stock markets.
Indonesian stock index fell 1.6 per cent, heading for its biggest decline since Sept 7.
Earlier on Wednesday, a private survey showed activity in China's factory sector unexpectedly shrank to a 6-1/2 year low in September.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise