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Indonesia central bank says current rupiah rate competitive, sees it strengthening

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Indonesia's central bank said the current exchange rate of rupiah is competitive for exports and that it is likely to strengthen on capital inflows, a senior official said.

[JAKARTA] Indonesia's central bank said the current exchange rate of rupiah is competitive for exports and that it is likely to strengthen on capital inflows, a senior official said.

Juda Agung, Bank Indonesia's executive director of monetary and economic policy, said on Thursday the rupiah's rate against the dollar is still slightly undervalued.

The rupiah traded at 13,418 per dollar on 0415 GMT Thursday, up more than 2 per cent so far this year.

REUTERS

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