SINGAPORE: The Indonesian rupiah hit a fresh four-year low and the Indian rupee fell on Monday, indicating sustained worries over their external positions and defying support for emerging Asian currencies from a steep drop in US new home sales.
The rupiah lost as much as 0.6% to 10,835 per dollar, its weakest since April 2009, in the interbank market. Traders said some trades were executed above 11,000, on dollar demand from local corporates.
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