Market Pulse
Tuesday, November 11, 2014
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
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
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