Indonesian Rupiah IDR

IDR

Detailed information and fundamental factors

Central Bank: Bank of Indonesia

Interest Rate: 6.00%

Public Debt to GDP Ratio, 2010: 25.7%

Trade Balance, 2010: $30.7 bln.

Inflation, 2010: 5.1%

Sovereign Credit Ratings:

Fitch
BBB-
Stable
Moody's
Baa3
Stable
S&P
BB+
 

Supporting Factors

High-yielding interest rates

medium

Factors of Weakness

High-risk emerging market

strong

Political instability

medium

Indonesian Rupiah News Archive

Indonesian Rupiah Rises with Other Asian Currencies on Positive Sentiment

The Asian currencies, including the Indonesian rupiah, rose today as the market sentiment was positive after yesterday’s good news from Europe and the United States. The currency was further boosted as Fitch Ratings improved Indonesia’s credit grade.

Indonesian Rupiah Falls as Central Bank Cuts Interest Rates

The Indonesian rupiah slipped today after the Bank Indonesia decreased its main interest rate, while concerns about the European debt added to the downside pressure.

Indonesia Intervenes to Support Rupiah, India & South Korea Follow

The Indonesian central bank intervened, selling dollars, to support the Indonesian rupiah that was weakened by the pessimistic outlook for the currencies of the emerging markets.

Worries About Europe Ease, Indonesian Rupiah Gains

The Indonesian rupiah strengthened today as concerns about the European debt crisis eased, increasing appeal of riskier currencies.

Indonesian Rupiah Gains on Positive Growth Outlook

The Indonesian rupiah advanced for the third day today on positive outlook for the biggest economy of Southeast Asia, caused by the inflow of foreign funds.

Indonesian Rupiah Rises on Strong GDP Growth

The Indonesian rupiah advanced today to the strongest level in almost three months as Indonesia’s economy expanded with the fastest pace in six years.

Bank Indonesia Raises Borrowing Costs

The Bank Indonesia increased the interest rates today for its third meeting in a row to efficiently fight the accelerating inflation caused by the growing food and oil prices.

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