Rupiah traded among banks in Jakarta on Monday morning appreciated by 60 basis points to Rp 11,718 per US dollar from Rp 11,778 per dollar.”After a lack of positive sentiment in the domestic market last week, recently released data on the rise of Indonesia’s foreign exchange reserves to US$ 110.542 billion in July 2014 has strengthened the domestic currency at the beginning of this week,” Trust Securities research head Reza Priyambada said in Jakarta on Monday as quoted by Antara news agency.However, he said the rupiah remained volatile as a number of currencies in developing countries had weakened due to …read more
Source: The Jakarta Post
