Reported 4 months ago
The Indonesian rupiah has dropped to its lowest level in four years, triggering Bank Indonesia to provide support for the currency. The central bank intervened in the markets to stabilize the currency, which experienced a decline due to unwinding emerging-market carry trades. BI's efforts aim to maintain stability amidst foreign outflows and market volatility, with the currency expected to stabilize and potentially strengthen in the future, subject to factors like US economic data and dollar movements.
Source: YAHOO