The Indonesian Rupiah strengthened by 58 points (0.65 percent) to 8,860 to the US dollar, from last week’s position at Rp 8,918, kontan.co.id reported Monday.
The strengthening was triggered by an increase to Bank Indonesia’s benchmark interest rate by 25 basis points earlier this month.
The currency was traded at Rp 8,843 per US dollar at 10.40 a.m, strengthening 17 points or 0.19 percent above last week’s rate.
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