(Bloomberg) -- Indonesia's rupiah rose after a report showing weaker-than-expected inflation spurred speculation of more capital inflows as global funds buy local bonds.
The currency rebounded from yesterday's drop as a report from the Central Statistics Bureau showed consumer prices in April rose 6.3 percent from a year earlier, slower than the 6.5 percent median estimate of economists in a Bloomberg News survey. That may encourage Bank Indonesia to resume cutting the benchmark interest rate, which would increase the allure of debt's fixed income.
Read more at Bloomberg Currencies News
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