79.7 F
Pakistan
Monday, June 8, 2026
HomeBusinessRupiah’s plunge pushes Indonesia’s manufacturers to the edge

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.

Read full story on Asia Times

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments