Currencies
Rupiah to Extend Losses, Spur Bank Indonesia Intervention
A worker exchanges rupiah banknotes in Jakarta, Indonesia.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
The Indonesian rupiah will probably extend this year’s 4% decline due to fragile investor confidence, spurring further intervention by the central bank to stem volatility, according to analysts.
MUFG Bank Ltd. expects the currency will weaken to 17,100 per dollar in coming months, while Barclays Bank Plc says its likely to test 17,200 by the first quarter of 2026 with Bank Indonesia intervening. The rupiah closed Monday at 16,805.