Rupiah hits record low of Rp18.050 per dollar, import pressure rises
Higher import costs could lift prices of food, electronics and energy, while the government speeds domestic oil output plans.
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#Dolar As
Rupiah breaches 18,015 per dollar as IHSG falls 3.04%
The weak currency is expected to strain import-dependent industries, from pharmaceuticals to automotive, by raising input costs.
Rupiah hits Rp18.000 per dollar, dairy industry squeezes costs
Import costs for milk inputs have risen 17%-35%, while producers are holding retail prices amid still-weak purchasing power.
Earlier: Rupiah hits Rp 18.015 per dollar as DPR urges quick actionSeries: Indonesia · Rupiah Slide · 3 chapters since Jun 4Rupiah closes at Rp18.049 per dollar as RI stocks fall nearly 4%
DPR passed a revision expanding Bank Indonesia's mandate and oversight, stoking market concerns over central bank independence.
Channel News Asia, Antara News +1