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via fxstreet.comEconomy

Indonesian Rupiah finds footing despite MSCI risks, says DBS

FROM THE WIRE · FXSTREET.COM

DBS Group Research’s Philip Wee notes that USD/IDR has been relatively stable after Bank Indonesia kept its benchmark rate at 5.75% while deploying targeted tools to support the Indonesian Rupiah.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralBank Indonesia holding rates and using targeted tools helps keep USD/IDR stable, a relevant but ordinary flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01DBS Group Research's Philip Wee notes USD/IDR has been relatively stable.
  2. 02Bank Indonesia kept its benchmark rate at 5.75%.
  3. 03Bank Indonesia is deploying targeted tools to support the Indonesian Rupiah.

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