Emerging markets - Indonesian rupiah and Philippine peso gain on rate hike prospects


MANILA, Nov 8 (Reuters): Indonesia's rupiah gained for a second straight session on Tuesday, while the Philippine peso also firmed, as upbeat data from the countries raised expectations of further interest rate hikes by their central banks.

South-East Asia's largest economy, Indonesia, has seen the rupiah gain 0.3% since reporting third-quarter growth data on Monday. Still, the currency is still down nearly 10% against the US dollar this year.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , Rupiah , Philippines , Peso , Rising

Next In Aseanplus News

High Court dismisses GISB's move to challenge Perlis Fatwa Committee decision
Implementing MA63 remains top agenda for Madani govt, says AG
Action taken against corruption should not define entire ministries, security forces, says PM
AKPS seizes over 1.2 tonnes frozen meat at KLIA over import permit violations
Indonesia sues firms over environmental harm in flood zone
‘His works and ideals inspire innumerable people’: Indian PM Modi pays tribute to Tamil poet Thiruvalluvar
FMT journalist Rex Tan resigns
Thailand orders construction halt for firm Italian-Thai after fatal accidents
Desperate Cambodian workers flee crisis, sneak into Thailand
Two men behind South Korea's worst-ever wildfires get suspended prison terms

Others Also Read