Rupiah Strengthens to Rp17,640: What Drove the Gain?
7 Articles
7 Articles
Markets will be watching to see if economic stimulus can continue to be provided without triggering rupiah volatility and foreign capital outflows.
The rupiah closed higher at Rp17,632 per US dollar. The market is still monitoring geopolitics, US inflation, and the possibility of a Fed interest rate hike.
The rupiah strengthened slightly by 2 points to Rp17,640 per US dollar on Monday. Foreign exchange reserves rose, but geopolitical pressures and oil prices remained a concern.
The rupiah strengthened amid rising geopolitical tensions between the US and Iran.
Garuda's money is parked at the level of IDR 17,640, or a slight gain of 2 points compared to the previous closing position of IDR 17,642 per USD.
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