You are here

Indonesia rupiah jumps 3 per cent to strongest in 2 months

A bank employee counts out Indonesian rupiah bank notes in Jakarta on Aug 25, 2015.

[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.


Market voices on: