Indonesia’s rupiah falls to record low against US dollar

Article excerpt

Indonesia's rupiah hit a historic low against the US dollar, a sharp reversal for a currency that once seemed insulated from global turmoil. The collapse arrives as the Iran-US conflict sends oil prices soaring, threatening to destabilize Southeast Asia's largest economy. Energy-dependent nations across the region face a perfect storm: import costs spike while foreign investors pull capital in search of safer assets. The rupiah's freefall mirrors broader regional vulnerability to geopolitical shocks, exposing how interconnected even distant conflicts have become for emerging markets navigating volatile commodity prices and capital flows.