Indonesia’s Basri Sees Rupiah Back to 2009 Levels After QE Taper
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Indonesia’s rupiah and bond yields will return to levels seen in 2009 after the Federal Reserve cuts stimulus that has buoyed emerging-market assets, Finance Minister Chatib Basri said.
The currency traded at an average of 10,396 per dollar in 2009, compared with 11,408 as of 1:15 p.m. in Jakarta, according to prices from local banks compiled by Bloomberg. The yield on benchmark 10-year government securities averaged 11.15 percent in 2009, and was 7.93 percent today, data compiled by Bloomberg show.