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JAKARTA: Over the past couple of decades, Indonesian companies have developed a tried and tested strategy to cope with the periodic plunges in the rupiah: retain dollars to protect their profits.
The Indonesian rupiah hit a four-year low on Wednesday and looked set to break the psychologically important 11,000 per dollar support line as emerging markets suffered further outflows on fears that the Federal Reserve will soon begin to pare back stimulus
JAKARTA: The rupiah’s slump is hitting one of Indonesia’s most popular snacks as it drives up the cost of importing soybeans.
MUMBAI: This week may prove to be a crucial one for the Indonesian rupiah.
SINGAPORE: The Indonesian rupiah hit a four-year low on Wednesday on bond outflows and dollar demand from importers amid thin greenback liquidity, while investors kept an eye on the psychologically important 11,000 support level.
SINGAPORE: Indonesia’s second interest-rate increase in two weeks may be followed by more policy tightening to stem a slide in the rupiah amid an ongoing rout in emerging markets.