FX Week

Rupiah rocked as market monitors civil unrest in troubled Indonesia

MARKET NEWS

JAKARTA -- The Indonesian rupiah tumbled last week as tensions over the US military attacks on Afghanistan mounted.

Local dealers said the situation is hurting the country's currency. "This is another reason for investors to avoid Indonesia," one dealer at a European bank in Jakarta told FX Week. "There is the fear of violence here, but this is not unusual in Indonesia."

Indonesia is the world's most populous Muslim country, and fears of civil unrest have been rising. One extremist group calle