Indonesian Rupiah weakens as BI holds rate at 5.75%
USD/IDR has recovered its daily losses, trading around 17,950 during the European hours on Wednesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles after the Bank Indonesia (BI) decided to hold its benchmark rate steady at 5.75% in July. The hold came as a surprise to many market participants, who had widely anticipated a 25-basis-point rate hike to…











