Despite bond issuances to lure foreign inflows, projected losses persist after US$778 million exited last quarter.
Rising oil prices, higher US yields, and a stronger dollar could negatively impact the net oil-importing nation’s finances and weigh on the rupiah.
The rupiah was one of emerging Asia’s worst-performing currencies last quarter even as the central bank sold new bonds to lure foreign inflows. The spread between Indonesia’s 10-year bonds and similar-maturity US securities is holding near this year’s low, threatening to spur more outflows from local notes.
The rupiah fell 3% in the three months ended September, the biggest decline since the period ended June 2022. Bank Indonesia even introduced new bonds, known as SRBI, but they haven’t yet proved very effective in curbing the currency’s losses.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Mourinho has ‘no fear’ for future despite Roma’s strugglesROME, Sept 30 — Jose Mourinho insisted today he has no fear for his future despite Roma’s floundering start to the Serie A season. The former Real Madrid, Manchester United,...
Leggi di più »
Three women escape with injuries after their car falls into a ravineBALIK PULAU: Three women including an Indonesian national escaped death, when the car they were in fell into a ravine at Jalan Pondok Upeh, here.
Leggi di più »
Pension reforms and a vote bank that is no longer a safe depositThe pension scheme is a ticking time bomb, but no government seems willing to dare make changes despite knowing how heavy a financial burden pensions will become some day.
Leggi di più »
Pharmacies still have plenty of face masksIPOH: There has been no rush to buy face masks at pharmacies here despite the haze shrouding parts of the country.
Leggi di più »
Madrid coach Ancelotti returns to Napoli with point to proveBARCELONA: Real Madrid coach Carlo Ancelotti is not a man to hold a grudge, as reflected by his return to the Spanish capital despite being harshly sa...
Leggi di più »