Rupiah, like currencies of emerging economies, including India and Brazil, has been under pressures in the past few years. The currency has just hit its new low, among others due to global pressures from Fed policies and downfall of key export commodities. It is true that Brent crude oil gained 48% year-on-year, but because Indonesia is net importer of oil and refined products, it has negative impact to the overall trade balance.To subscribe please click here