Rupiah Hovers Near IDR 18,000 as BI Adjusts Policy Tools
The Indonesian rupiah traded near IDR 18,000 per U.S. dollar on Wednesday, recovering from an intraday low of IDR 18,060 after Bank Indonesia kept its key interest rate unchanged at 5.75% for a fourth straight month. To support the currency amid a market selloff sparked by MSCI’s warning over Indonesia’s market status,