JAKARTA. The rupiah interbank trade rate depreciated by 58 basis points to Rp 12,587 per US dollar in Monday’s closing session. “The strong performance of the US dollar in the market has weakened the rupiah. One of the triggers of its strong performance is the euro’s depreciation in the market. A number of currencies across the globe have also been affected,” Monex Investindo Futures analyst Zulfirman Basir said in Jakarta as quoted by Antara news agency. He added that the further depreciation of the domestic currency was due to investor anxiety over the future of the Indonesian economy.
Rupiah closes at Rp 12,587 per dollar on Monday
JAKARTA. The rupiah interbank trade rate depreciated by 58 basis points to Rp 12,587 per US dollar in Monday’s closing session. “The strong performance of the US dollar in the market has weakened the rupiah. One of the triggers of its strong performance is the euro’s depreciation in the market. A number of currencies across the globe have also been affected,” Monex Investindo Futures analyst Zulfirman Basir said in Jakarta as quoted by Antara news agency. He added that the further depreciation of the domestic currency was due to investor anxiety over the future of the Indonesian economy.