JAKARTA: Indonesia's central bank will allow the rupiah to strengthen in line with market movements, but will not target any level, a senior official said on Friday following the currency's rise to an over 18-month high.
Governor Perry Warjiyo earlier told reporters that the rupiah's appreciation to around 13,750 a dollar was a reflection of Indonesia's sound economic fundamentals, and the Indonesian currency firmed further after that. The governor's comments, plus the easing in US-Iran tensions this week only added to investors' enthusiasm for the high-yielding currency, said Khoon Goh, head of Asia research at ANZ.
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