4 Global Market Updates- 7 July, 2022

 

In this article, we have covered the highlights of global market news about the Indonesia’s foreign exchange, Sri Lankan Economy, US Dollar, and Asian stocks.
Indonesia’s foreign exchange reserves rose to $136.4 billion at the end of June.

The central bank stated on Thursday that Indonesia’s foreign currency reserves grew to $136.4 billion in June from $135.6 billion a month earlier or 6.6 months’ worth of imports.

According to Bank Indonesia, the increase was brought on by the government’s issue of international bonds, with tax and service income also playing a part.

The annual inflation rate in Indonesia increased to 4.35 percent in June, above the 4.17 percent expected in a Reuters poll and reaching a new record. The rate for May was 3.55 percent.

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