The Indonesian rupiah was flat today, but analysts think that the currency may gain amid signs of economic recovery and the positive outlook for the nation’s economy.
The Indonesian rupiah traded flat today, but market analysts believe that the currency may yet advance. Global funds bought 2.99 trillion rupiah ($311 million) Indonesia’s government bonds last week. Economists expect that the official report on December 3 will show a second consecutive surplus of trade balance in October.
USD/IDR traded at 9,615.0000 as of 13:44 GMT today.
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