Indonesian rupiah at three-month low; Asia stocks drop on Russia-Ukraine tensions

Quick Summary:

INDONESIA's currency was pinned at a more-than-three-month low on Thursday, as investors put further pressure after its central bank stayed pat on interest rates a day earlier and hinted at focusing on strengthening the rupiah leading to fewer chances of policy easing.

The Indonesian rupiah dropped up to 0.6% against the U.S.dollar, hitting its lowest since mid-August.

Indonesia's neighbour, Singapore is expected to announce final numbers for third-quarter growth on Friday.

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Category: EconomyBusiness

Markets: MalaysiaBrazilIndonesiaPhilippinesSingaporeTaiwanThailandUkraine

Topics: Ringgit Currency Rupiah Asian Inflation Forex /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 15:54:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © The Star

News ID: 23733079

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