NewzOn Thursday, the Indonesian rupiah weakened against the United States dollar by 38 points, or 0.21 percent, at the close of trading in Jakarta. The depreciation of the domestic currency occurred despite monetary easing measures implemented by Bank Indonesia (BI).
In an effort to stimulate liquidity and economic activity, Bank Indonesia lowered the Reserve Requirement Ratio (GWM) and extended existing macroprudential policies regarding Loan-to-Value (LTV) and Financing-to-Value (FTV) ratios. However, these central bank interventions were insufficient to prevent the rupiah's downward movement against the dollar during the session.
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