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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
Add BT as a preferred sourcePublished Thu, Jun 4, 2015 · 09:50 PM
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 Indonesia was in the depths of a financial crisis that led to the ouster of former president Suharto.
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