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Indonesia chief econ minister: Rupiah strengthens towards 'fundamental' value

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Indonesia's chief economics minister said on Thursday the rupiah had been speculated on for months and its recent appreciation reflects that it is now heading towards its "fundamental" value.

[JAKARTA] Indonesia's chief economics minister said on Thursday the rupiah had been speculated on for months and its recent appreciation reflects that it is now heading towards its "fundamental" value.

"This isn't the (fair) value of our rupiah yet," said Darmin Nasution, coordinating minister for economics and a former central bank governor.

The rupiah jumped more than 3 per cent early on Thursday. It was trading at 13,270 per dollar at 0200 GMT.

REUTERS

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