Rupiah interbank trade rate depreciated by 27 basis points on Friday morning to Rp 11,777 per US dollar.”External sentiment, particularly from the US, which records better economic data, has put pressure on the rupiah. The market players see that this condition will encourage the US central bank to immediately increase the Federal Reserve rate,” Bank Himpunan Saudara analyst Rully Nova said in Jakarta on Friday as quoted by Antara news agency.Rising tensions in Ukraine have also affected global currencies, forcing the investors to keep their assets in the US dollar. In addition, uncertainty on when the central government will increase …read more
Source: The Jakarta Post
