(Bloomberg) -- Indonesia's rupiah stayed lower after
the central bank cut interest rates for a 13th time in more than
a year, making local currency deposits less attractive.
Bank Indonesia reduced its reference rate for bill sales by
a quarter-percentage point to 8.25 percent, as expected in a
Bloomberg News survey of economists. The rupiah is the worst
performer among 10 of Asia's most-active currencies this month,
dropping 2.5 percent.
Read more at Bloomberg Currencies News
the central bank cut interest rates for a 13th time in more than
a year, making local currency deposits less attractive.
Bank Indonesia reduced its reference rate for bill sales by
a quarter-percentage point to 8.25 percent, as expected in a
Bloomberg News survey of economists. The rupiah is the worst
performer among 10 of Asia's most-active currencies this month,
dropping 2.5 percent.
Read more at Bloomberg Currencies News
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