Indonesia's rupiah remains under strain, trading back above 18,000 per dollar as the central bank points to higher global inflation, elevated oil prices, and fiscal worries, while
Indonesia's rupiah remains under strain, trading back above 18,000 per dollar as the central bank points to higher global inflation, elevated oil prices, and fiscal worries, while confirming it stays active in currency interventions. On the domestic front, the exchange has restarted short selling in a bid to keep major index providers engaged, and the planned merger of state rail operators is set to wrap up before January. The Indonesia ETF drifted lower calmly, suggesting the currency pressure is weighing on sentiment without triggering any sharp selloff.
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