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Indonesian Rupiah Climbs vs. US Dollar As Crude Oil Prices Drop

December 19, 2018 at 12:19 by Vladimir Vyun

Rupiah notes and coinsThe Indonesian rupiah climbed against the US dollar today. Market analysts explained the rally by falling prices for crude oil.

Specialists explained that falling prices for crude reduce inflationary pressure. The strengthening currency can also allow Indonesia’s central bank to keep interest rates unchanged at the policy meeting on Thursday. The weakness of the dollar itself also helped the rupiah to gain against the US currency.

USD/IDR declined 0.43% to 14,438.8 as of 12:08 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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