USD/IDR Price News: Rupiah keeps $14,400 after Indonesian FinMin’s comments

Dhwani Mehta FXStreet

Indonesian Finance Minister Sri Mulyani Indrawati said Tuesday that the pace of the economic recovery will depend on the success of the covid vaccine campaigns.

Additional comments

“Will remain vigilance on dynamics in financial markets.”

“Fitch Ratings affirmation of BBB rating means our GDP growth is favorable, but we have other areas to improve.”

“If vaccination programme is successful, economic recovery will accelerate.”

“Q1 GDP is seen -1.0% to -0.1%.”

“End-Feb state budget deficit at 0.36% of GDP.”

USD/IDR off the lows

USD/IDR keeps its recovery mode intact above $14,400 levels on the above comments, having hit a daily low at $14,397.50 earlier in the session.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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