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Rupiah Advances Most in a Week as Inflation Slower Than Forecast

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The rupiah strengthened the most in a week after inflation came in below estimates and a manufacturing gauge in China, Indonesia’s biggest export market, rose.

Consumer prices increased 0.17 percent in March from the previous month, compared with the 0.22 percent median estimate in a Bloomberg survey, figures showed Wednesday. Central bank Governor Agus Martowardojo said last week that monthly inflation would be 0.27 percent to 0.3 percent. China’s official Purchasing Managers’ Index was 50.1 last month, from 49.9 in February. Numbers above 50 signal expansion.