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The rupiah was trading near Rp13,300 per US dollar even after the Federal Reserve's second 25-basis-point rate hike of 2017. Jakarta's Composite Index hovered around 5,700, supported by foreign fund inflows after Standard & Poor's upgraded Indonesia to investment grade.
Bank Indonesia kept its 7-day repo rate at 4.75 percent.
Strong foreign inflows and a stable rupiah reduce pressure on Indonesian feed and import costs, and point to a stable domestic rate outlook.
magz.tempo.coAdministratorJun 26, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
