A slightly Stronger Rupiah. So?
The rupiah's sudden burst of strength has left confusion in its wake. Last Thursday, it settled at Rp13,809 per US dollar, far better than end of September's Rp14,728. This sudden recovery raises the question, what actually is going on?
First, bankers and market analysts saw a significant flow of dollars coming in. They believe that it was linked with H.M. Sampoerna's rights issue, totalling Rp20.77 trillion. This new inflow of dollars caused Indonesia's shallow market to react quickly and positively for the rupiah.
October 13, 2015
The rupiah's sudden burst of strength has left confusion in its wake. Last Thursday, it settled at Rp13,809 per US dollar, far better than end of September's Rp14,728. This sudden recovery raises the question, what actually is going on?
First, bankers and market analysts saw a significant flow of dollars coming in. They believe that it was linked with H.M. Sampoerna's rights issue, totalling Rp20.77 trillion. This new inflow of dollars caused Indon
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