USD/IDR: Rupiah set to appreciate in the weeks and months ahead – TDS USDIDR Indonesia InterestRate Banks
BI left its 7-day reverse repo policy rate unchanged as widely expected at 5.75%.
BI noted its IDR stabilisation measures, and we think this includes capping USD/IDR around 15,000, which coincides with its 100-DMA. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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