(Bloomberg) -- Indonesia's rupiah fell by the most
in four weeks, the biggest fluctuation of any currency today, as
higher crude oil prices fueled speculation importers will need
more dollars to pay for their purchases. Bonds dropped.
The local currency has fallen 2.5 percent in the past month
as crude prices reached an 11-month high. Indonesia, the only
member of OPEC that is a net importer of the fuel, needs to
import a third of its oil product needs because its refining
capacity isn't enough to meet consumption.
Read more at Bloomberg Currencies News
in four weeks, the biggest fluctuation of any currency today, as
higher crude oil prices fueled speculation importers will need
more dollars to pay for their purchases. Bonds dropped.
The local currency has fallen 2.5 percent in the past month
as crude prices reached an 11-month high. Indonesia, the only
member of OPEC that is a net importer of the fuel, needs to
import a third of its oil product needs because its refining
capacity isn't enough to meet consumption.
Read more at Bloomberg Currencies News
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