Indonesia to ‘aggressively’ shore up currency amid tariffs
Central bank will intervene in FX market once it re-opens following week-long holiday
Indonesia’s central bank has said it plans to “intervene aggressively” in the domestic foreign exchange market when trading resumes tomorrow (April 8) as its currency comes under pressure amid global tariffs.
The currency closed at 16,560 rupiah against the dollar on March 27, before US president Donald Trump announced wide-ranging tariffs. Indonesia’s markets have since been closed for public holidays.
The offshore one-month dollar-rupiah non-deliverable forward (NDF) rate, which has closely
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