JAKRATA: Indonesia’s central bank expects the nation’s currency to notch up further gains after it rallied to the highest level in almost 21 months on the improved outlook for Southeast Asia’s largest economy and growing risk appetite among global investors.
The rupiah was Asia’s top performer on Friday (Jan 10) advancing 0.6% to 13,772 to a dollar, the highest level at close since April 2018. The currency capped a sixth weekly gain, the longest winning streak since April 2017, according to data compiled by Bloomberg.
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