CNA938 Rewind - Rupiah in freefall: Is Indonesia facing a crisis of confidence?

Indonesia’s rupiah has plunged to record lows despite aggressive intervention and a surprise rate hike from Bank Indonesia. But this is no longer just a currency story. As Asian currencies come under pressure from a stronger US dollar and global uncertainty, investors are also questioning Indonesia’s policy direction under President Prabowo Subianto. So what’s really driving the market turmoil? Is the rupiah simply caught in a broader regional storm or is Indonesia becoming one of Asia’s most vulnerable economies? Susan Ng and Hairianto Diman speak with Lavanya Venkateswaran, Executive Director, Senior ASEAN Economist, OCBC, to find out.