Morgan Stanley Sees Indonesia Rupiah Languishing at Two-Year Low
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Indonesia’s currency may languish at its weakest level in more than two years as capital outflows accelerate and a dovish central bank lags behind its peers.
That’s the view of Morgan Stanley strategists, who see the currency trading between 15,000 to 15,500 per dollar. The call came in a note dated Wednesday, just ahead of the rupiah weakening to 15,025 per dollar in the lead up to Thursday’s Bank Indonesia policy decision.