Daily Market Updates: Indonesian Rupiah: BI measures may slow IDR losses against US Dollar

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Indonesian Rupiah: BI measures may slow IDR losses against US Dollar - MUFG

Reported · Written up by our desk · Major Pairs

MUFG’s Lloyd Chan notes that Bank Indonesia (BI) kept the BI rate at 5.75% while tweaking its policy mix to support the Indonesian Rupiah (IDR) without broadly tightening financial conditions. The bank cut reserve requirements and enhanced DNDF hedging incentives.

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FXStreetIndonesian Rupiah: BI measures may slow IDR losses against US Dollar - MUFG

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Indonesian Rupiah: BI measures may slow IDR losses against US Dollar - MUFG

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