8 Jul 2020
USD/IDR Price News: Indonesian rupiah slips to 14440 after Retail Sales hit 12-year lows
Indonesia's Retail Sales plummeted by 20.6% on the year in May vs. a 16.9% slump seen in April, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Wednesday.
This was the biggest slump since October 2008.
The Bank Indonesia survey predicted sales in June to fall further by 14.4% YoY, Reuters reports.