Rupiah Tumbles Past Rp17,800/USD, Finance Minister Calls it 'Unreasonable'
The Indonesian Rupiah briefly breached the Rp17,800 mark against the US dollar. Finance Minister Purbaya Yudhi Sadewa stated that this level is 'unreasonable,' citing strong economic fundamentals and assuring that no recalculation of the State Budget is necessary. The government is actively stabilizing the bond market to maintain foreign investor interest.
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