The rupiah traded among banks in Jakarta on Tuesday afternoon weakened by seven basis points to Rp 11,682 per US dollar, compared to the previous Rp 11,675 per dollar.”Even though the rupiah depreciated slightly, it remains relatively stable,” PT Platon Niaga Berjangka financial market analyst Lukman Leong said in Jakarta on Tuesday, as quoted by Antara news agency.He said that the easing conflicts in Ukraine, Gaza and Iraq have helped currencies in a number of developing countries to consolidate against the greenback.The situation has given the rupiah the opportunity to continue strengthening in the future.”When conflicts in those countries were …read more
Source: The Jakarta Post
