Indonesia Central Bank to Continue Intervening to Defend Depreciating Rupiah

CURRENCY - JAKARTA. Indonesia's central bank will continue intervening in the foreign exchange markets to ensure moves in the rupiah exchange rate reflects the currency's fundamentals, it said on Wednesday, as the currency trades near a historic low.

The rupiah has been steadily depreciating so far this year, and hit its weakest point since April 2025 on Tuesday before recovering slightly. On Wednesday, it had slipped 0.03% by 0230 GMT to trade at 16,865 per dollar.