Rupiah, Bonds Fall on Speculation Maturing Debt to Spur Outflows
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Indonesia’s rupiah fell for a fourth day and bonds dropped on speculation global investors will repatriate funds as government notes mature this week.
The zero-coupon government bills worth 15 trillion rupiah ($1.6 billion) will fall due on March 8. Global funds reduced their holdings of sovereign debt by 5.7 trillion rupiah last week, the biggest weekly outflow since September, according to finance ministry data.