IDR/USD: Rupiah May Recover on Rate Hike, Stronger Fiscals, Analysts Say

The Indonesian rupiah is expected to stabilize as the central bank continues to support the currency through rate hikes while foreign investors increase purchases of Indonesia's high-yielding bonds. Analysts predict these combined factors will help reverse the rupiah's underperformance relative to other Asian currencies. The strengthening fiscal position and monetary policy support are key drivers for the currency's potential recovery.