Indonesia's currency, the rupiah, has fallen to a record low against the US dollar, making it one of Asia's worst-performing currencies this year. Officials are working to reassure markets about the country's economic stability.

Indonesian officials have moved to reassure markets that the country’s economic fundamentals remain sound after the rupiah sank to a record low, but President Prabowo Subianto’s attempts to play down the currency’s slide has attracted criticism from economists and social media users alike. The rupiah fell to 17,720 per US dollar on Tuesday, cementing its status as one of Asia’s worst-performing currencies this year. Indonesia’s main stock index, the Jakarta Composite Index (JCI), tumbled 3.46...