Rupiah May Sink Past Record Low as Fiscal Woes Erode BI Support

Indonesia’s rupiah looks poised to weaken past a record low, analysts say, with central bank intervention unlikely to halt the slide amid persistent fiscal worries.

The currency may depreciate to 17,000 per dollar within the first three months of the year, according to MUFG Bank Ltd. Analysts at Barclays Plc see the rupiah potentially trading as low as 17,300 this year. The currency fell for a second consecutive week.