Indonesia's central bank takes "bold" action to stabilize weakening rupiah against the US dollar.

Indonesia's central bank has intervened in the market with a "bold" triple intervention to support the rupiah, which has fallen more than 5% this quarter against the US dollar. The move aims to maintain market confidence amid a stronger US dollar and global financial volatility. Bank Indonesia's Edi Susianto confirmed the intervention in the spot, non-deliverable forward, and government bond markets.

3 months ago
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