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The Nexus
BUSINESSJun 8 · 05:28 UTCASIA TIMESRonny P Sasmita

Rupiah’s plunge pushes Indonesia’s manufacturers to the edge

Indonesia’s rupiah hit a record low of over 18,155 to the US dollar, pushing manufacturers into crisis as the main stock index fell 4%. Investors are dumping rupiah-denominated assets, with foreigners selling $422 million in local bonds and $3.6 billion in local stocks this year.

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IndonesiaplaceRupiahtopicUS dollartopicmanufacturerstopicmain stock indextopicAsia Timesorganization
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