You are here

Indonesia rupiah strengthens past psychological 13,000 per dollar level

[SINGAPORE] Indonesia's rupiah on Thursday strengthened past the psychological 13,000 per dollar level for the first time since March 9, as the US Federal Reserve was seen in no rush to raise interest rates.

The rupiah jumped 1.4 per cent to 12,980 per dollar as of 0119 GMT.

The Federal Reserve on Wednesday took a step closer to hiking rates, but downgraded its economic growth and inflation forecasts, indicating the US central bank may not rush to increase borrowing costs.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to