Indonesia's rupiah remains under pressure, heading for its steepest weekly fall since May as rising US yields and a stronger dollar widen the gap with Asian rates, keeping the cent
Indonesia's rupiah remains under pressure, heading for its steepest weekly fall since May as rising US yields and a stronger dollar widen the gap with Asian rates, keeping the central bank busy injecting liquidity. Equities slipped, with banking shares weighing on the IDX Composite, though one major lender moved to address market chatter about a share acquisition. On the policy side, the president gathered finance and central bank officials for talks, while palm oil output is projected to dip on El Niño effects and local tensions surfaced in Batam over data centre water use.
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