Rupiah Set for Reprieve as Analysts See Central Bank Support


The rupiah may strengthen to around 17,850 per dollar this quarter, up from Friday’s close of 17,895, according to Credit Agricole CIB. The bank expects Bank Indonesia to shore up the currency through rate increases and direct market intervention after it tumbled 7% this year. Meanwhile, Bank Julius Baer forecasts the rupiah will advance to 17,800 in the third quarter.



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