Indonesia rupiah jumps 3 per cent to strongest in 2 months

Published Fri, Oct 9, 2015 · 01:45 AM

[SINGAPORE] Indonesia's rupiah jumped over 3 per cent on Friday to its strongest level in more than two months as minutes of the Federal Reserve's latest meeting raised expectations against an imminent US interest rate hike.

The rupiah advanced as much as 3.2 per cent to 13,425 per dollar, its strongest since July 29. The Indonesian unit pared some of gains to stand at 13,500 as of 0133 GMT.

Indonesia's bonds offer higher yields than most other emerging Asian countries' debt.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here