(Bloomberg) -- Indonesia's rupiah climbed to the highest in almost a year on speculation the central bank will let the currency gain as overseas investors purchase the nation's stocks and bonds.
The currency strengthened for a second day as Finance Minister Sri Mulyani Indrawati said he's comfortable with the rupiah appreciating to as strong as 8,500, an increase of 3 percent from today's level. The currency has surged 3.8 percent this month, the world's best performer.
Read more at Bloomberg Currencies News
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