Indonesia braces for prolonged pressure as rupiah slides

A teller counts Indonesian rupiah bank notes at a money changer in Jakarta, Indonesia August 13, 2018. REUTERS/Willy Kurniawan

JAKARTA (Reuters) – Indonesia is bracing for prolonged pressure on the rupiah amid souring emerging market sentiment exacerbated by Argentina’s economic woes, the country’s finance minister said on Monday, as the local currency plumbed its weakest levels since 1998. The rupiah hit 14,825 per dollar on Monday, the weakest since the Asian Financial Crisis two […]

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