Indonesian Rupiah Reverses Course After Unexpected Central Bank Rate Hike
KONTAN.CO.ID - The Indonesian rupiah reversed course on Tuesday to appreciate after the central bank unexpectedly raised its benchmark interest rate to support the currency and preempt a risk of rising inflation. While other Asian currencies retreated on recession fears.
Among other regional currencies, Thailand's baht depreciated 0,3%. While Philippines' peso rose 0,2%.
