The rupiah traded among banks in Jakarta on Wednesday afternoon depreciated by seven basis points to Rp 11,690 per US dollar, down from the previous Rp 11,683 per dollar.Bank Himpunan Saudara finance market analyst Rully Nova said that the weakening of rupiah was triggered by market players who were waiting for Bank Indonesia’s latest policy. “Tomorrow [Thursday] the central bank is going to announce its latest monetary policy including the benchmark interest rate,” Rully said in Jakarta on Wednesday as quoted by Antara news agency.He said that the players expected BI to maintain its current 7.5 percent interest rate because …read more
Source: The Jakarta Post
