Sabtu 08 Nov 2014 00:11 WIB

Indonesia's forex reserves rise to 112 bln USD in the end-Oct

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Foto: Republika/Aditya Pradana Putra
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REPUBLIKA.CO.ID, JAKARTA - Indonesia's foreign exchange reserves rose to 111.97 billion USD by the end of October from 111.2 billion USD the previous month, Bank Indonesia said on Friday.

Foreign reserves were supported by portfolio inflows, central bank deputy governor Perry Warjiyo said. The rupiah strengthened 0.37 percent during October against the USD and closed at 12,080 per USD. The rupiah traded at 12,170 against the USD on Friday.

Warjiyo expects even stronger inflows after the government decides on when it will raise fuel prices, seen as crucial to reducing the country's budget and current account deficits. 

sumber : Reuters
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