Thursday, October 29, 2026
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Indonesian Rupiah Plunges to Record Low as Middle East Tensions Escalate

The Indonesian rupiah has reached a record low against the US dollar, driven by escalating tensions in the Middle East. The currency’s decline reflects broader market concerns over geopolitical instability, which has heightened risk aversion among investors. As the rupiah weakens, it underscores the vulnerability of emerging market currencies to global events.

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