Indonesian Rupiah Sinks to Record 17,630 per Dollar as Rising Oil Reopens Pressure
Updated
Updated · Bloomberg · May 18
Indonesian Rupiah Sinks to Record 17,630 per Dollar as Rising Oil Reopens Pressure
2 articles · Updated · Bloomberg · May 18
The rupiah fell 0.9% on Monday to 17,630 per dollar, setting a fresh all-time low and making it the region’s worst-performing currency.
Rising oil prices added pressure on Indonesia’s currency as local markets reopened after a two-day holiday, exposing it to moves that built up during the break.
The latest slide extends the rupiah’s losses to more than 5% this year, underscoring sustained weakness rather than a one-day move.
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