Indonesian Rupiah Declines as MSCI Warning Sparks Capital Outflows
The Indonesian Rupiah weakened against the US Dollar after an MSCI warning prompted capital outflows, with USD/IDR rebounding to around 17,870 during Asian hours.
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The Indonesian Rupiah came under pressure during Asian trading, with USD/IDR climbing back to around 17,870 after a period of modest gains for the local currency.
The move follows a warning from MSCI, which has reportedly triggered capital outflows from Indonesian markets. The index provider's assessment added to cautious sentiment surrounding emerging-market currencies.
As of the latest session, USD/IDR is trading near the 17,870 handle, recovering from the previous day's slight decline.
Source: FXStreet Forex News