rupiah

Indonesia plans to tighten state control over commodity exports

The rupiah reached a record low against the dollar this week

The rupiah has fallen more than 5% so far this year, making it one of the region’s weakest-performing currencies.

Bets on Bank Indonesia rate hike ratchet up as rupiah hits record low

The central bank last raised its benchmark interest rate in April 2024

Indonesia has increased its fuel subsidy budget to shield people from the impact of rising global crude prices.

Indonesia rupiah hits new record low; president downplays day-to-day impact of currency weakness

The central bank has also been intervening in the foreign exchange market to support the exchange rate

Bank Indonesia’s Senior Deputy Governor Destry Damayanti said the rupiah was under pressure because of risk sentiment related to intensifying tensions in the Middle East, as well as seasonal domestic demand for the US dollar to repay debts and repatriate dividends.

Indonesia central bank committed to 'smart interventions' to defend rupiah

The rupiah hit a fresh record low of 17,525 per dollar earlier on Tuesday

Bank Indonesia has been ramping up bill sales to support the rupiah, which has weakened more than 4% this year and touched a succession of record lows.

Indonesia central bank bills outstanding rise most in two years

Overseas investors have cut their holdings of the nation’s stocks and bonds in recent weeks

The currency is undervalued and should strengthen, Bank Indonesia governor Perry Warjiyo says.

Indonesia tightens rule on FX purchases after rupiah hit new record low

The currency has fallen about 4% this year against the US dollar

Once the immediate geopolitical stress fades, investors are expected to rotate back into pro-cyclical, trade-sensitive currencies linked to tech and global growth, says OCBC's Christopher Wong.
BT EXPLAINS

What’s behind the Singdollar’s strength amid the Iran war – and how long will it last?

The currency has emerged as a beacon of regional stability, shielding against geopolitical volatility

The Indonesian currency fell to around 13,500 rupiah per Singapore dollar on April 16.

Rupiah hits record low against Singdollar, threatening Indonesian arrivals and trade

[SINGAPORE] Indonesia’s rupiah hit a fresh low against the Singapore dollar on April 15, weighed down by rising oil prices linked to the Iran war and capital outflows from the country’s bond and equit...