The Indonesian rupiah weakens to a new record low against the US dollar, breaching the key 18,000 level. Free Malaysia Today reports the currency crosses 18,000 despite efforts by Bank Indonesia to support the rupiah, including measures intended to stabilise exchange rates. Channel NewsAsia (CNA) similarly says the rupiah reaches a low of 18,028 per US dollar. Both reports describe the move as a renewed slide to historic levels, following recent central bank action to counter the depreciation. The accounts do not provide additional details on the drivers behind the move, focusing instead on the exchange-rate outcome and Bank Indonesia’s supportive efforts. Overall, the coverage indicates that the rupiah’s decline continues even after intervention attempts, with the dollar strength pushing the exchange rate to fresh highs for the dollar-to-rupiah pairing.
Indonesian rupiah hits record lows against US dollar
The Indonesian rupiah weakens to a new record low against the US dollar, breaching the key 18,000 level. Free Malaysia Today reports the currency crosses 18,000 despite efforts by Bank Indonesia to su...
- The Indonesian rupiah falls to record low levels against the US dollar.
- It breaches the 18,000 level.
- One reported trough is 18,028 rupiah per US dollar.
- Bank Indonesia has recently taken steps to support the rupiah.
- The reports attribute the fresh decline to continued weakness despite central bank efforts.
The unit hit 18,028 against the greenback despite recent central bank efforts to provide support.
2 months agoRupiah breaches the 18,000 psychological level against the greenback despite Bank Indonesia's efforts to provide support.
2 months ago
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