Rupiah Strengthens Against Dollar After BI-Rate Hike, Foreign Capital Inflows Expected
The Indonesian Rupiah strengthened by 0.84% against the US dollar following Bank Indonesia's (BI) decision to raise its policy rate to 5.50%. BI stated that this rate hike, coupled with other monetary policies and government synergy, has boosted market confidence and is attracting foreign capital, particularly into domestic financial instruments.
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