Why Indonesia’s Rupiah Hit a Record Low in January
Indonesia’s rupiah has been under sustained pressure for months as investors grow uneasy about the country’s fiscal outlook and the direction of economic policy. Those concerns pushed the currency to...
By Prima Wirayani, Grace Sihombing · Bloomberg Markets
Indonesia’s rupiah has been under sustained pressure for months as investors grow uneasy about the country’s fiscal outlook and the direction of economic policy. Those concerns pushed the currency to a record low against the dollar in January, despite intervention by the central bank to smooth its decline.