Live Updates > Live Update Details
2026-05-28 13:18:46
[Indonesian Rupiah Falls to Record Low Near 17,900 to the US Dollar] ⑴ The Indonesian rupiah fell to a record low of nearly 17,900 rupiah per US dollar on Thursday, marking its sixth consecutive day of decline. ⑵ This decline comes as the US dollar index rises to a seven-week high after reports of a new US strike on an Iranian military facility weakened prospects for a peace agreement and exacerbated inflation concerns and global interest rate worries. ⑶ The rupiah is on track for its ninth consecutive week of decline, having fallen about 0.4% so far this week and 6.4% year-to-date, despite the Indonesian central bank's unexpected interest rate hike in mid-May, as persistent fiscal pressure and capital outflows continue to weigh on the economy.
