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Bank Indonesia said foreign capital inflows of about US$700 million came in during January 1-9, 2017, helping to strengthen the rupiah. The rupiah traded at Rp13,308 per dollar on January 13 compared with Rp13,485 on January 3.
The central bank expects inflows to continue, supported by commodity and manufacturing exports.
A firmer rupiah supported by capital inflows reduces import cost pressure for Indonesian feed and meal buyers. Continued inflows also point to a stable currency backdrop for commodity exporters.
en.antaranews.comJan 13, 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.
