Rupiah Rises to 16-Week High as Improving Economy Lures Inflows

Indonesia’s rupiah advanced to a 16-week high after overseas investors pumped money into the nation’s assets due to an improving economy.

The currency appreciated 0.9 percent to 11,478 per dollar as of 4:28 p.m. in Jakarta and earlier reached 11,470, the strongest level since Nov. 11, prices from local banks show. In the offshore market, one-month non-deliverable forwards surged