Rupiah Dips But Dollar Weakness Limits Losses
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The Indonesian rupiah weakened towards IDR 16,750 per dollar amid holiday-thinned trading and expectations of lower interest rates. Bank Indonesia maintained its benchmark rate at 4.75%, with room to ease further due to subdued inflation. The rupiah's decline was limited by a weaker US dollar, as markets anticipate Fed rate cuts in 2026. The currency is set for a second weekly decline, extending its year-to-date drop to 4%, making it one of Asia's weakest currencies.
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