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The Indonesian rupiah weakened after the Bank of Indonesia kept the benchmark interest rate unchanged; at the same time, the yield on the benchmark bond rose for the sixth consecutive trading day due to falling US treasury bond prices. The increase in the stock market extended to a 20% increase from the low in early June. Indonesia's Jakarta Composite Index rose 1.1% to 6407.602 points on the same day; the sovereign credit rating was confirmed to boost market sentiment, and the index is expected to enter a bull market.
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The Indonesian rupiah weakened after the Bank of Indonesia kept the benchmark interest rate unchanged; at the same time, the yield on the benchmark bond rose for the sixth consecutive trading day due to falling US treasury bond prices. The increase in the stock market extended to a 20% increase from the low in early June. Indonesia's Jakarta Composite Index rose 1.1% to 6407.602 points on the same day; the sovereign credit rating was confirmed to boost market sentiment, and the index is expected to enter a bull market.
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