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TRENDING: Rupiah weakening is reaction to FOMC decision
Language : hindi
Business . Moderate
04-05-2018 05:48:34 .
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Bank Indonesia Governor Agus Martowardojo has said that the further depreciation of the rupiah on Thursday was reaction to decision made by The Federal Open Market Committee (FOMC) to maintain the federal funds target range at 1. to 1. 75 percent. 
 
According to the Jakarta Interbank Spot Dollar Rate (JISDOR), the rupiah stood at Rp 13. 965 against the US dollar on Thursday, slight change from Rp 13, 936 on Wednesday. 
 
The rupiah was at its weakest since 2015 when it was quoted at Rp 14, 032 per US dollar on Dec. 18, 2015. 
 
“The US economy is improving. Its employment is improving. All markets react. It affects the whole world, including the rupiah, ” said Agus on Thursday. 
 
Source: Jakarta Post 
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depreciation employment including improving reaction maintain decision against weakest federal
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