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The Indonesian rupiah neared its weakest level against the US dollar since the 1998 Asian Financial Crisis, trading around 16,580 per dollar. Investors are worried about slowing growth, rising government spending and Prabowo's free meals programme.
The rupiah has lost about 3% this year, the worst performance among Asian currencies.
A weaker rupiah raises the cost of imported feed inputs for Indonesian buyers while supporting exporters. Continued fiscal concerns could keep pressure on the currency and on import costs.
reuters.comAnkur BanerjeeMar 26, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
