USD/IDR extends its losses for the second successive day, trading around 17,810 during the Asian hours on Thursday. The pair depreciates as the Indonesian Rupiah (IDR) finds solid backing from Bank Indonesia’s (BI) renewed commitment to currency stability. During its first policy meeting under acting Governor Destry Damayanti, the central bank moved swiftly to reassure financial markets of its strategic consistency.
To maintain market calm, Bank Indonesia held its benchmark interest rate steady at 5.75% for the second consecutive month, signaling steady policy continuity after an aggressive 100-basis-point tightening cycle that began in May…
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