Currency
Trade Deficit and Inflation Hurts the Rupiah

The rupiah took a steep dive as disappointing trade numbers and higher than expected inflation were announced early in the week. October inflation was up 0.47 percent from a month ago or 4.8 percent year-on-year, while September's trade balance remained in deficit amounting to US$270 million. Driving inflation were the rise in electricity tariffs and liquefied petroleum gas (LPG) prices used fo