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Rupiah hits 17-year low, BI to intervene if needed

Slowing economic growth and high inflation put pressure on currency of South-east Asia's largest economy

Jakarta

INDONESIA's rupiah dropped to a 17-year low against the US dollar on Thursday, pressured by slowing economic growth and high inflation in South-east Asia's largest economy.

The rupiah fell 0.4 per cent to 13,281 against the dollar, the weakest level since August 1998 when