Indonesia’s Rupiah is Teetering as Global Oil Prices Blast Past $100
JAKARTA, Indonesia (JakartaWeekly.com) – The Indonesian rupiah is hovering at a perilous psychological crossroads, inching closer to the Rp17,000 per US dollar mark as a perfect storm of soaring energy costs and a hawkish Federal Reserve batters emerging market sentiment. On Monday morning, the currency slipped further to Rp16,981, a move that analysts say is […]
