JAKARTA: Indonesia's foreign exchange reserves increased by some $200 million in July to $137.3 billion, equivalent to 8.9 months of imports, boosted by the government's global bond issuance, the central bank said on Friday.
The rupiah, which was relatively stable in July, has strengthened nearly 1% this month on dovish comments from the US Federal Reserve, which coincided with comments from Indonesian officials that the country's latest COVID-19 wave of infections had peaked.
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