However, when investors saw that the Hang Seng Index and Nikkei went up in the second trading session (particularly due to further depreciation of Japan's yen), they came back to the market to purchase Indonesian stocks. Nonetheless, foreign investors still recorded a net sell on Tuesday and the rupiah depreciated again.


Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) depreciated 0.44 percent on Tuesday to IDR 11,647 per US dollar. This was mainly caused by ongoing and intensifying political tensions in the Ukraine. This turns investors to safe havens, such as the US dollar.

| Source: Bank Indonesia

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