Indonesian Rupiah

Indonesian Rupiah

Dimas Ardian/Bloomberg

“With softening domestic demand and associated import compression, we expect the current-account deficit to improve to 3.1 percent of GDP in 2014,” said Prakriti Sofat, an economist at Barclays in Singapore. “The weakness in the rupiah is driven by the structural current-account deficit, concerns about policy management and global market volatility.”