Indonesian rupiah hits 4-1/2 year low on risk aversion

 

SINGAPORE, Sept 30:  The Indonesian rupiah fell to its lowest level in 4-1/2 years versus the dollar on Monday as the increasing likelihood of a U.S. Government shutdown prompted investors to unload risky assets and currencies.

The Indonesian rupiah’s indicative prices fell to as low as 11,610 versus the dollar, according to Thomson Reuters data, the rupiah’s weakest level since March 2009. The rupiah last stood at 11,600, down about 0.6 percent for the day. (AGENCIES)