INSIDE INDONESIA: Rupiah Set for Biggest Monthly Gain in Four
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Rupiah heads for biggest monthly rally since Oct. after global funds boosted ownership of local stocks.
Alert: HALISTER1- International investors raised holdings of domestic shares by $282.9m this month, according to exchange data
- Rupiah has advanced 2.8% this month to 13,404 per dollar; is steady today
- USD/IDR 1-month NDF MACD rising above signal line for first time since Jan.
- Yield on nation’s 8.375% govt bond due Sept. 2026 has fallen 2 bps this month to 8.294%, according to IDMA data
- Five-year credit-protection for nation declined 6 bps last week to 236 bps, according to CMA data; is little changed from the end of Jan.
- Indonesia may formalize tax amnesty bill in May, Investor Daily reports
- Nation to back revisions to anti-graft law: Reuters
- Lower inflation has allowed Bank Indonesia to cut policy rates twice this year, with another 50 bps cut likely for the rest of 2016, BofAML writes in recent note
Source: BFW (Bloomberg First Word)
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UUID: 7947283