Rupiah trades near record low as interest rate breaches 7.5% The sell-off reflects investor unease over index provider MSCI’s proposal to reclassify Indonesia’s equity market from emerging to standalone status.
Rupiah trades near record low as interest rate breaches 7.5% The sell-off reflects investor unease over index provider MSCI’s proposal to reclassify Indonesia’s equity market from emerging to standalone status. (Photo by Tomoyoshi Oshikiri) JAKARTA -- Indonesia's financial markets remain under pressure, with stocks, government bonds and the rupiah facing sustained selling due to concerns over a potential MSCI downgrade.