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Rupiah’s plunge pushes Indonesia’s manufacturers to the edge | Collector
Rupiah’s plunge pushes Indonesia’s manufacturers to the edge
Asia Times

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

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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