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The rupiah fell on Tuesday to its lowest level against the US dollar since the 1998 Asian financial crisis, exceeding its depreciation during the COVID-19 pandemic. It has weakened about 3% this year, making it one of the poorest-performing emerging market currencies.
Exporters benefit while importers and consumers face higher prices.
The weaker currency lifts import prices for feed and food inputs in Indonesia while improving export competitiveness. Investor skepticism about economic policy keeps downside risk in place.
asia.nikkei.comISMI DAMAYANTI, NANA SHIBATAMar 27, 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.
