Asia Times
Indonesia’s financial markets were jolted Monday (June 8) as the rupiah hit a new record low of over 18,155 to the US dollar and the main stock index fell 4%. Investors are rapidly dumping their rupiah-denominated assets, with foreigners selling US$422 million of local bonds and $3.6 billion in local stocks so far this year. […] The post Rupiah’s plunge pushes Indonesia’s manufacturers to the edge appeared first on Asia Times .
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