Indonesia rupiah hits record low as energy shock and capital outflows weigh on markets
Indonesia's rupiah has fallen to its weakest level on record against the US dollar, breaching the 18,000 mark as markets reacted to higher energy costs and renewed pressure across the region. The currency touched 18,028 per dollar on Thursday, according to the supplied report, despite recent support measures from Bank Indonesia. The move comes as the wider economic fallout from the Iran war continues to affect energy-importing economies in Southeast Asia.The latest slide was linked to a jump in oil prices after hostilities flared again on Wednesday, pushing crude more than 1% higher. A Permata Bank chief economist said 18,000... [Continue Reading]
360LiveNews | 04 Jun 2026 06:33 LONDON
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