Indonesian Rupiah
Coverage of Indonesian Rupiah in the Nexus archive.
- IDR/USD: Rupiah May Recover on Rate Hike, Stronger Fiscals, Analysts Say
The Indonesian rupiah is expected to stabilize as the central bank supports the currency and foreign funds increase purchases of high-yielding bonds. Analysts attribute this potential recovery to a rate hike and stronger fiscal policies.
- Indonesian students protest government policies as economic pressures grow
Hundreds of Indonesian students protested in Jakarta, demanding lower fuel and food prices and cuts to state spending programs amid rising economic pressures. Authorities blocked the march to the presidential palace, deploying over 6,000 police and soldiers, while protesters criticized President Prabowo Subianto for denying the economic crisis and called for an end to military influence in civilian affairs.
- Indonesian Rupiah Falls to New Low as Global Oil Prices Surge
The Indonesian Rupiah has declined to a new low amid rising global oil prices. Jakarta's main stock index fell 4 percent and faces scrutiny from the global index provider MSCI.