Reported about 10 hours ago
Indonesia's central bank announced significant market intervention following the rupiah's drop to its lowest level since April 2020, as the currency faces pressure from U.S. tariffs and weak economic growth. The Jakarta Composite Index has fallen over 20% from its record high in September, reflecting broader concerns in Asian markets. Analysts warn that the rupiah may continue to trade cautiously amidst ongoing trade uncertainties and declining foreign investment.
Source: YAHOO