Rupiah tumbles, but fundamentals strong
The Jakarta Post
The rupiah continued its downward spiral on Thursday, when it traded at around Rp 13,759 to Rp 13,816 per US dollar, its worst performance in the last two years.
The rupiah continued to show its heightened volatility against the greenback despite a decision by Bank Indonesia (BI) to intervene in the market. The central bank reported on Wednesday that its foreign currency reserve fell by 2.9...