Rupiah to Extend Losses as Bank Indonesia Battles Volatility
(Bloomberg) — The Indonesian rupiah will extend this year’s 4% decline due to fragile investor confidence, spurring further intervention by the central bank to stem volatility, according to analysts. MUFG Bank Ltd. expects the currency will weaken to 17,100 per dollar in coming months, while Barclays Bank Plc says its likely to test 17,200 by…