The rupiah interbank trade rate appreciated slightly by four basis points to Rp 11,686 per US dollar in Jakarta on Monday morning.”The rupiah tends to be stagnant in the morning, since market players are waiting for newly released economic data later in the afternoon, such as on inflation and the trade balance,” Trust Securities head of research Reza Priyambada said in Jakarta on Monday as quoted by Antara news agency.He said the rupiah had a good chance of strengthening in the afternoon since the market expected the inflation rate throughout August to be low. “Based on August’s average inflation rate, …read more
Source: The Jakarta Post
