The rupiah also touched a new record low, weakening to 16850 against the dollar. The tariff shock comes at a fragile time for Indonesian markets, which have been suffering recently in part due to ...

Businesses were worried the record-low rupiah will add more pressure to the economy on top of Trump's 32% tariffs on Indonesian goods, which took effect on Wednesday, Indonesian employers ...

BI held a meeting on the same day, responding to the plummeting rupiah by preparing several measures to stabilize the currency and maintain market confidence. The Indonesian Stock Exchange (IDX ...

There are a host of other factors pulling the rupiah lower, Mr Walker said, including investor unease about some of Indonesian President Prabowo Subianto’s spending announcements. “There is a ...