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Thursday, 07 May 2020 12:48

BI optimistic of rupiah strengthening against US dollar

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Bank Indonesia (BI) is buoyant about the rupiah strengthening to below Rp15,000 per US dollar during Wednesday's trading on the back of several factors, including expectations of the US economy recovering from the COVID-19 pandemic. As quoted by Antara News Agency, BI Governor Perry Warjiyo  in an online press statement on Wednesday stated that several areas in the United States have begun their economic activities. Warjiyo noted that the Fed had also projected an improvement in the US economy in the second semester of 2020 after reeling from recession in the previous semester. The Fed statement will offer a positive impetus to the rupiah's exchange rate against global currencies//Ant

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