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Speaking on the exchange rate value this Wednesday, Bank Indonesia’s (BI) Governor Perry Warijyo said that the current rupiah exchange rate remains undervalued.

Positive news abroad should help rupiah to trade stronger than 15,000 a dollar, he added.

On inflation, Warijyo said, “low April inflation reflects pressure in demand side due to curbs on movement.”

  • USD/IDR Price Analysis: Indonesian Rupiah has recovered 50% of 2020 drop
  • Indonesia’s Q1 GDP contracts 2.41%