The rupiah exchange rate is most likely to continue its appreciation trend, however professionals say a surge in coronavirus cases and a hold-up in financial recovery could cause a substantial sell-off in Indonesian possessions and harm the currency. Fitch Solutions anticipates the rupiah to stay stable over the next 3 to 6 months driven by the prospective schedule of coronavirus vaccines, continued management by Bank Indonesia, as well as anchored real yields due to the fact that of low inflation. “Even though it is likely the presenting of the COVID-19 vaccine in Indonesia will spend some time, […] we believe the rupiah will nonetheless be supported by the usually enhanced belief that the vaccine is most likely to bring globally,” analysts at Fitch Solutions composed in a note offered to The Jakarta Post on Friday. “The second aspect that will help retain rupiah stability is …
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