Despite further slowing economic growth in 2014 and possible rupiah depreciation ahead of higher US interest rates later this year, global ratings agency Moody’s Investor Service said that the outlook for Indonesian companies is stable in terms of foreign exchange risks. Brian Grieser, Vice President and Senior Analyst of Corporate Finance at Moody’s, believes that weak rupiah performance is manageable for most of these companies. Starting from mid-2013, Indonesia’s rupiah has depreciated significantly amid US monetary tightening.
Update COVID-19 in Indonesia: 24,538 confirmed infections, 1,496 deaths (28 May 2020)
29 May 2020 (closed)
USD/IDR (14,502) -231.01 -1.57%
EUR/IDR (16,128) -204.62 -1.25%
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