(Bloomberg) -- Indonesia's rupiah gained, snapping
two days of losses, after the central bank cut interest rates to
spur growth and said there's room for further reductions.
Bank Indonesia expects overseas funds to keep investing in
the nation, after they purchased $8.51 billion of bonds and
stocks in the first five months of 2007, spokesman Budi Mulya
said in Jakarta. The rupiah has gained 5.7 percent in the past
year as the benchmark stock index and bonds rallied to records.
Read more at Bloomberg Currencies News
two days of losses, after the central bank cut interest rates to
spur growth and said there's room for further reductions.
Bank Indonesia expects overseas funds to keep investing in
the nation, after they purchased $8.51 billion of bonds and
stocks in the first five months of 2007, spokesman Budi Mulya
said in Jakarta. The rupiah has gained 5.7 percent in the past
year as the benchmark stock index and bonds rallied to records.
Read more at Bloomberg Currencies News
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