SINGAPORE – Indonesia’s rupiah hit a fresh low against the Singapore dollar on April 15, weighed down by rising oil prices linked to the Iran war and capital outflows from the country’s bond and equity markets. The currency weakness has raised concerns about a potential pullback in Indonesian demand for Singapore services, particularly healthcare, as well as softer export flows to Indonesia. The Indonesian currency was trading at around IDR 13,500 per Singapore dollar on April 16. It fell 9.3 per cent against the Singapore dollar in 2025, and has weakened by another 4 per cent in 2026, according to…
News Timeline:
Track the development of this news story across the Internet.