During the past week, the Indonesian monetary unit has recorded another correction, once 3 weeks of strengthening. This is because of the conflict between Russia and land is heating up in the week.

Launching from Refinitiv this week, the rupiah fell 0.28% point-to-point against the United States (US) dollar. However, on Friday's trading, the rupiah closed slightly higher, tending to be 0.1% at the level of Rp. 14,365/US$.

Daily, the movement of Garuda's currency tends to fluctuate, were on Tuesday and Thursday, the rupiah closed lower against the greenback. Meanwhile, on Wednesday and Friday, the rupiah managed to strengthen.

Wherever in the week the conflict between the 2 countries that were broken by the country entered a replacement section, particularly the military attack of the 2 countries.

On Thursday local time, Russian President Vladimir Putin officially announced a military operation in Ukraine. President Putin has made the military operation decision, in a surprise televised statement Friday just before 6.00 am local time.

The North Atlantic Treaty Organization (NATO) has decided to take further steps regarding Russia's attacks on Ukrainian territory. The United States (US)-led pact held an emergency meeting.

Strict Sanctions Imposed by Putin If Anyone Bothers Russia

However, market fears began to subside once United States of America President Joe Biden on Th night once the United States of America didn't retaliate with group action solely obligatory economic sanctions.

On Friday Putin allowed additional, stronger sanctions, and restrictions on what could be exported to Russia. This will weigh on the Russian economy directly and over time, Biden said, as reported by CNBC International.

In addition, Biden conjointly allowed the addition of global organization troops to standby in Deutschland to strengthen European defenses. Meanwhile, President Vladimir Putin hit back and said that Russia would not damage the world economy.

Russia is still part of the world economy. It will not harm the world economic system if Russia is a part of it, Putin said. Although sentiment tends to improve, the situation in Ukraine is still tense.

CNN reported that explosions are continuing in the capital Kiev, Ukraine. Explosions are seen and detected in many elements of Kyyiv once days of serious fighting and explosions within the outer suburbs as Russian troops approached the town.

Early Saturday morning local time, video from eyewitnesses showed the explosion that occurred in the north-western area of Kyiv. There is a military base within the space.

Russo-Ukrainian Tensions Heat Up

Earlier, the CNN team in the capital Kiev also reported hearing loud explosions west and south of the city Saturday. Shortly when, Ukraine's State Special Communications Service aforesaid clashes were happening within the jap suburbs in addition.

The enemy tries to attack CHP-6 near Troieschyna. The Armed Forces provide combat, the service said. The CNN team in Kiev also heard loud explosions west and south of the city, with the sky blazing with a series of flashes on the horizon.

Senior Economist Samuel Sekuritas Fikri C. Permana observed that the movement of the rupiah at the beginning of the week was still stable because it was supported by capital inflows that entered the stock market.

However, from the middle of the week to the weekend the situation in Russia and Ukraine was getting heated. As a result, the strengthening of the rupiah could not continue.

Similarly, Lukan Leong, an analyst at DCFX Futures, said that at the beginning of the week, the rupiah was stable because there was no expectation that Russia and Ukraine would attack in a short time. Domestic fundamentals were solid and managed to maintain the rupiah exchange rate.

However, the war between Russia and Ukraine that exploded, sparked uncertainty. As a result, risk-off occurred and emerging market currencies such as the rupiah could not be separated from correction.