The rupiah exchange rate was at IDR 14,520 / USD yesterday, or a 0.07% increase from the previous day’s close, based on Bloomberg data. On the other hand, the depreciation of the US dollar was influenced by the response of market players regarding the initial tightening of US monetary policy. Meanwhile, the extension of the micro-scale PPKM and the extension of the prohibition period for going home, with the main objective of preventing the spread of Covid-19. This will accelerate the recovery process for Indonesia’s domestic economy.
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