Indonesia currency crisis deepens as rupiah breaks 18,000 level against US dollar

Indonesia’s rupiah weakened past the 18,000-per-US dollar level for the first time on Thursday, marking a record low as rising energy costs and policy uncertainty weighed on Southeast Asia’s largest economy. The currency’s fall comes amid a broader market sell-off, with Indonesia’s stock market dropping nearly 4 percent and losing around a third of its … The post Indonesia currency crisis deepens as rupiah breaks 18,000 level against US dollar appeared first on Times Kuwait .

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