rupiah

Indonesia raises rates in surprise move to support sinking rupiah

The currency experienced its steepest drop since 2020 in the past three weeks

The drawdown comes as the central bank intensified intervention in currency and bond markets to support the rupiah, which has weakened about 8% this year.

Indonesia’s foreign reserves suffer longest decline since 2018

Foreign investors have pulled more than US$3.5 billion from Indonesian stocks

For many, the current turbulence is not the result of a single week but the cumulative effect of a series of policy shifts under President Prabowo.

Indonesia’s crisis of confidence as markets decode Prabowo

INDONESIA spent much of the week ended Jun 7 confronting a question that might have seemed unthinkable a few short years ago: what happens when investors stop believing in South-east Asia’s largest ec...

The rupiah has weakened about 8%, while foreign investors have pulled billions of dollars from Indonesian bonds.

Indonesian officials vow again to steady rupiah, draw funds

Global investors are rapidly losing confidence in Indonesia, unnerved by the more interventionist agenda

Indonesian President Prabowo Subianto's recent move to take direct control of key commodity exports to curb tax evasion has triggered a sell-off in exporter stocks.

‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip

What has unnerved investors is the more populist and interventionist agenda that the president has been pursuing

The sell-off is “mainly driven by rupiah weakness hitting record lows and pressure from a softer trade balance, especially with higher oil imports”, said Felix Darmawan, an analyst at BCA Sekuritas.

Indonesian market rout deepens as Prabowo policy risks mount

Rupiah breaches key 18,000-per-US dollar level; stocks hit near six-year low

Bank Indonesia says that it’s intensifying interventions to stabilise the rupiah, which had dropped to a record low.

Asia steps up currency defence as South Korea, Indonesia vow action

Authorities are also guarding against speculative activity in offshore markets

The rupiah has weakened consistently through the year, as the Indonesian economy grappled with the higher oil prices caused by the US-led war against Iran.

Rupiah hits new low, breaches 14,000 threshold against Singdollar

Indonesian stocks also at their lowest level in five years

Materials led the declines, with a subgauge of the sector tumbling more than 10%.

Indonesian stocks tumble to five-year low, rupiah drops to record

Down about 32% in 2026, the JCI is already the worst performer this year

Bank Indonesia said on Friday that it remains committed to maintaining the stability of the rupiah “around the world, around the clock”.

Indonesia and India intervene to prop up weakening currencies

The economies of both countries are grappling with higher oil prices caused by the US-led war against Iran