It was definitely not a "Thank God, it's Friday" week's end for Indonesia as the rupiah suffered another blow with the market seeing the currency close at Rp 10,400 against the U.S. dollar, the lowest since January 2002.
High demand for the greenback, particularly from state oil and gas firm PT Pertamina to pay its oil imports at a time when oil prices are soaring, was blamed mainly by dealers for the rupiah's slump... more
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