Emerging markets: Indonesian rupiah falls on virus concerns; Asia forex eyes Fed meeting


JAKARTA, June 14 (Reuters): Indonesia's rupiah was on track for its biggest daily fall in over three weeks on Monday amid surging coronavirus infections, while trading in most other Asian emerging markets was muted ahead of a Federal Reserve meeting this week.

The rupiah weakened 0.3% and was set for its biggest one-day fall since May 20 after Indonesia on Sunday reported the highest number of daily coronavirus cases since late February.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Ash, debris rain down on villages
With motorbikes banned, delivery riders struggle in heatwave
Coffee farmers boost irrigation but run low on water
Govt mulls dual citizenship
Ex-diplomat top contender for new FM
Regulator suspends 14 licences of yoga guru’s products
Torrid heat stokes power demand
Hot spell forces nationwide school shutdown
Carbon offset project loses licence over regulatory violations
Malaysia go down fighting 2-3 to Denmark

Others Also Read