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View all search resultsrupiah-against-dollar
Markets 1 year ago
Surprise rate cut, growth gambit put rupiah in crosshairs
Bank Indonesia's rate cut this week stunned markets for all the wrong reasons - investors fear the central bank is bowing to pressure from President Prabowo Subianto to juice the economy, compromising its independence and risking a rupiah sell-off.
Economy 1 year ago
PREMIUM
RI spends $4.6b of forex reserves to pay debt, stabilize rupiah
Indonesia shaved US$4.6 billion off its foreign exchange (forex) reserves in April as the government serviced foreign debts and the central bank intervened in the market to stabilize the rupiah’s exchange rate amid the tariff turmoil.
Economy 1 year ago
PREMIUM
Sapping rupiah raises inflation risk as imports cost more
While the government has tried to curb growing worries over the depreciating rupiah, Apindo and economists have pointed to pass-on costs and "double inflationary pressures" as potential scenarios that should be anticipated.
Economy 1 year ago
PREMIUM
Airlangga downplays rupiah's brief plunge to multiyear low
The Coordinating Economic Minister downplayed Tuesday's temporary plunge to a record low in a doorstep interview on Wednesday, saying that currency fluctuation was “normal” and pointing to external factors as the cause, without elaborating.
Economy 1 year ago
PREMIUM
Rupiah drops to multiyear low ahead of Trump's tariffs, domestic uncertainty
The national currency temporary hit its lowest rate since the 1998 Asian Financial before inching back up to Rp 16,580 per dollar on Tuesday evening, the depreciating trend caused by investors jittery about the incoming US tariffs and geopolitical uncertainty, as well as domestic pressures.
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