(Bloomberg) -- Standard Chartered Plc recommends investors buy the Indonesian rupiah because the central bank will allow the currency to strengthen.
Investor inflows into the nation's stocks and bonds have helped the rupiah appreciate 3.8 percent this month, the best performance in the world. Bank Indonesia Deputy Governor Aslim Tadjuddin said today the currency's rise is positive for the economy. Finance Minister Sri Mulyani Indrawati said a strengthening rupiah will help slow inflation and boost growth.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment