USD/IDR Price News: Indonesian rupiah bounces-off four-month lows at 14,470 as Retail Sales improve

Indonesia's Retail Sales plunged by 16.4% on the year in January vs. a 19.2% slump seen in December, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday.

The slowdown in the retail sales decline came as the sales of food and beverages, tobacco and clothes improved.

The Bank Indonesia survey forecasts a 16.5% YoY in the sales in February, per Reuters.