Indonesian rupiah hits 17-year low, authorities downplay impact


JAKARTA: Indonesian authorities on Thursday downplayed the weakening rupiah, which hit a fresh 17-year low against the dollar, saying it would not have a significant impact on Southeast Asia's largest economy.

The rupiah, the second worst performing Asian currency this year after the Malaysian ringgit, fell as much as 0.2% on Thursday to 13,395 per dollar, its weakest since August 1998.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

ACE Market-bound Farm Price aims to raise RM24.5mil from IPO
PCG to focus on advancing growth initiatives, strengthening operational performance
HSS Engineers declares 1.21 sen dividend on strong FY23 financial performance
Asian FX gain as dollar droops, stocks track Wall Street higher
I-Bhd announces RM100mil investment pledge from major shareholder
Heineken sells more beer in Q1, sticks to outlook
GFM Services to transfer to Main Market on April 26
MYEG, Zetrix and MaiCapital to explore launch of virtual asset funds
Asian shares jump on tech boost; fragile yen on intervention watch
The business of immersion

Others Also Read