USD/IDR falls to 18,020 as Bank Indonesia maintains benchmark interest rates amid broader dollar softness.
The Indonesian Rupiah gained ground against the US Dollar, with USD/IDR trading near 18,020 in Asian hours after declining over 0.5%. The move follows a weaker dollar despite rising risk aversion in global markets.
Bank Indonesia unexpectedly kept its benchmark interest rate unchanged at 5.75%, defying some expectations for a cut. The pair had previously risen but reversed course as the dollar struggled to maintain momentum.
Market focus remains on central bank policy and external risk factors, with potential for further volatility in emerging market currencies.