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Indonesian Rupiah Advances as IMF Boosts Japan’s Forecast

April 17, 2013 at 9:55 by Vladimir Vyun

Rupiah notes and coinsThe Indonesian rupiah appreciated today as the International Monetary Fund boosted its forecast for Japan’s economic growth, improving prospects for Indonesian exports.

The IMF increased its estimate for Japan’s growth this year to 1.6 percent. Japan is the second-biggest importer of Indonesian shipments, 40 percent of which consist of commodities. The news added to the positive general market that supported higher-yielding currencies.

USD/IDR fell 0.1 percent to 9,720 as of 9:51 GMT today.

If you have any questions, comments or opinions regarding the Indonesian Rupiah, feel free to post them using the commentary form below.

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