Bank Indonesia Reaffirms Rupiah-Stabilisation Commitment
Updated
Summary
Bank Indonesia reaffirmed its commitment to stabilising the rupiah through interventions in offshore and onshore non-deliverable forwards and spot markets.
Why it matters
The rupiah briefly weakened to around IDR 17,970 per U.S. dollar on Thursday morning before recovering to near IDR 17,930 per U.S. dollar.