Asia Central Bankers on Guard but Feel Safe from Ruble Crisis

Asian central bankers are on guard but say they are not overly concerned that the Russian ruble's collapse will trigger a big sell-off of their own currencies, saying their fundamentals are favorable and their currency defenses strong. Currency and stock markets in Asia generally firmed on Wednesday after a two-day sell-off that saw Indonesia's rupiah drop to its weakest level since the Asian currency crisis in 1998 and Thailand's main stock index register its biggest intraday...

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