The rupiah weakened further to Rp14,930 against the U.S. dollar on Tuesday (Sep 4), falling for the fifth straight session and hitting the lowest since July 13th, 2008. So far this year, the currency has lost nearly 10% against the greenback, amid a general dollar strength, sell-off in emerging market currencies, and widening current account deficit prompted by surging imports. Year on year (y/y) the rupiah has weakened 11%, paralel with India’s Rupee (11.2% fall).
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