Indonesia's rupiah falls to record lows against the US dollar
Indonesia's rupiah has fallen to historic lows against the US dollar, with analysts saying the slide is causing damage "in most of the economy". The decline is being felt from street-market prices to the cost of imported goods.
Indonesia's rupiah has slid to its lowest levels on record against the US dollar. Analysts say the currency's rapid depreciation is being felt across almost every part of the economy.
The effects are visible in everything from prices at street food markets to the rising costs faced by manufacturers dependent on imported inputs. Small business owners say shrinking profit margins are becoming a growing concern amid the currency's slide.
Economists expect the central bank may intervene to help support the currency. However, experts warn that global interest rates and capital outflows could keep pressure on the rupiah in the near term.
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