Indonesia rupiah hits 2-month low before current account data

SINGAPORE: Indonesia's rupiah fell 1 percent to a near two-month low on Thursday as foreign investors sold the currency a day before fourth-quarter current account data, prompting a central bank warning about its sharp fall.

The rupiah slid to 12,835 per dollar, its weakest since Dec. 16. Most government bond prices fell. Foreign banks unloaded the rupiah, while local companies chased the dollar, traders said.

The central bank said will support the rupiah if it sharply falls. "We are monitoring the volatility. If it weakens drastically, we will enter the market," said Bank Indonesia spokesman Peter Jacobs.