Year-End Selective Buying Action. The movement of the Government Securities (SUN) market at the end of the year, amid the pressure of the rupiah. The rupiah exchange rate weakened to the level of IDR 14,268/USD on Thursday (30/12). The depreciation of the rupiah is influenced by external sentiment, the US employment data at the beginning of next year is projected to improve. The pressure on the rupiah was also influenced by investor interest in the US dollar, due to the potential for an increase in interest rates in 2022 which is getting closer.
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