The rupiah interbank trade rate weakened by 55 basis points during the final session on Friday to Rp 12,008 per US dollar.”External factors such as the planned US Federal Reserve rate hike and rising tensions between Russia and Ukraine put pressure on the domestic currency during the closing session,” Bank Himpunan Saudara analyst Rully Nova said as quoted by Antara news agency. He said that investors looked at this condition as something that would hamper the recovery of the global economy, hence decreasing market demand for high-risk currencies. In the domestic market, the decision of the House of Representatives to …read more
Source: The Jakarta Post
