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Rupiah, ringgit bounce up but fundamentals remain poor

Gains put down to 'dead cat bounce' and short-covering
Saturday, October 10, 2015 - 05:50

Bundles of Indonesian 100,000 rupiah banknotes and 50,000 rupiah banknotes sit on a desk at a currency exchange office in Jakarta, Indonesia, on Monday, Mar 17, 2014.

Kuala Lumpur

THE rupiah and the ringgit headed for their best weekly gains since 2001 and 1998 respectively as Indonesia and Malaysia benefited from rallying share markets, rebounding commodity prices and signs the Federal Reserve won't raise interest rates this year.

The rupiah

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