Rupiah hits record low, breaking 17,500 per dollar

USD/IDR rose 0.55% to 17,516.80 on May 12, marking a new low for the rupiah. With the currency down 2.25% over one month and 5.47% over one year, markets are questioning Bank Indonesia's defense capacity and pricing a possible rate hike from 4.75% to 5.00% in May or June.