Posted by zhen wei & JP > 2018-10-02 20:04 | Report Abuse

The rupiah has weakened even as Bank Indonesia has intervened “in a measured way” to limit its decline. The central bank has also raised interest rates five times since May to shield the currency from the emerging-market rout. The currency dropped to as low as 15,051 per dollar on Tuesday, the weakest since the Asian financial crisis in July 1998, before trading 0.9 percent lower on the day at 15,045.

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