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Bank Indonesia stepped into the currency market on Tuesday to defend the rupiah. The currency hit 16,640 per dollar, its lowest level since the Asian financial crisis.
Concerns over politics, government spending and capital flight drove the decline.
Currency weakness and capital outflows raise import costs for Indonesian feed and food buyers. Central bank intervention signals official resistance to further declines.
reuters.comStefanno SulaimanMar 25, 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.
