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Rupiah slide exposes equity losers among winners

Companies that import raw materials and have local sales will be hurt, say analysts

Sat, Dec 27, 2014 - 5:50 AM

WEAKER: The Jakarta stock index has fallen 2.6% in dollar terms in December.

PHOTO: REUTERS

Jakarta

INDONESIAN companies with high levels of dollar debt and importers of raw materials are most vulnerable after the rupiah plunged to a 16-year low, while some exporters stand to benefit.

Mobile-phone company PT Indosat and developers such as PT Alam Sutera Realty that have...

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