Indonesian rupiah falls to record low amid rising pressures

October 03, 2018 9:51 AM

JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – The Indonesian rupiah plunged to a record low of Rp 15,000 per US dollar on Tuesday (Oct 2) at noon, the lowest rate since the 1998 financial crisis, as a result of a combination of pressures such as the escalating US-China trade war and rising oil prices that may increase the country’s trade deficit.

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