Rupiah Depreciation Hits Weekend Market. The rupiah exchange rate touched the level of IDR 14,400/USD, before finally closing at the level of IDR 14,398/USD at the weekend, based on Bloomberg data. The sentiment of the new Covid-19 variant and the hawkish attitude of the Fed made investors interested in the safe haven of the US dollar, and provided uncertainty for the exchange rate of the rupiah. All benchmark series Government Securities (SUN) recorded an increase in yields between 0.5 bps to 2.7 bps last weekend.
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