1. As the rupiah fell, companies facing foreign loan payments scrambled to buy dollars, forcing the rupiah down further. 2. As the rupiah has fallen in value, companies facing foreign loan payments have scrambled to buy dollars -- forcing the rupiah down further. 3. As the rupiah falls in value, the cost of servicing that debt escalates. 4. In Indonesia, the rupiah fell for a second day as investors were disappointed by a lack of government efforts to help the ailing banking industry. 5. Indonesian stocks recovered Friday, climbing to their highest close in more than five weeks, though the rupiah fell further against the dollar. 6. It does that by allowing the rupiah to fall within a trading band that it sets. 7. On Monday, the rupiah fell to a record low. 8. Still, the rupiah fell against the dollar today. 9. The Indonesian rupiah fell against the dollar as the central bank shifted the trading band lower and interest rates declined, traders said. 10. The Indonesian rupiah fell against the U.S. dollar on speculation the government wants the currency to decline to make Indonesian exports more competitive, traders said. |