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fxJun 5, 2026, 7:24 PM

Rupiah at record lows as Bank Indonesia widens mandate, DBS says

DBS Group Research economist Radhika Rao warns that Indonesia's onshore markets are under pressure, with the rupiah hitting record lows and equities nearing six-year lows as Bank Indonesia's mandate expands.

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DBS Group Research economist Radhika Rao noted that Indonesia's onshore markets are facing sustained pressure. The rupiah has fallen to record lows, while the equity market is approaching six-year lows, amid a widening of Bank Indonesia's (BI) mandate. Rao highlighted that policy focus is now on stability as BI's responsibilities expand, which may affect market sentiment. No additional details on BI's new mandate or specific policy measures were provided in the report.

Source: FXStreet Forex News