The rupiah traded among banks in Jakarta on Wednesday morning depreciated slightly by 10 basis points to Rp 11,691 per US dollar. Trust Securities head of research Reza Priyambada said that market players were watching the meeting of Russian and Ukrainian presidents, encouraging them to keep their assets in US dollars. “Due to uncertainty as a result of the meeting, the greenback strengthens, hence limiting room for the rupiah to appreciate,” Reza said in Jakarta on Wednesday as quoted by Antara news agency.Separately, Monex Investindo Futures head of research Ariston Tjendra said that the US dollar strengthened against …read more
Source: The Jakarta Post
