The Indonesian rupiah strengthened today as concerns about the European debt crisis eased, increasing appeal of riskier currencies.
Bank Indonesia will meet on June 9 to discuss its key interest rate. The bank increased the rate by 25 basis points to 6.75 percent in February and was keeping it unchanged ever since. The Central Bureau of Statistics reported last week that the Indonesian inflation decreased in May for a fourth month, falling below 6 percent for the first time since October.
USD/IDR fell to 8,505.00 from from 8,535 as of 12:24 GMT today.
If you have any questions, comments or opinions regarding the Indonesian Rupiah,
feel free to post them using the commentary form below.
Be First to Comment