The Indonesian Rupiah stabilized against the US Dollar during Asian trading hours on Tuesday, with the USD/IDR pair hovering around 18,140, according to FX Street. This followed a slight depreciation after gains recorded the previous day.
Support for the Rupiah came from a rally in domestic equities, boosting market sentiment. Additionally, S&P's affirmation of Indonesia’s stable 'BBB' credit rating helped bolster investor confidence, FX Street reported.
For Japanese investors, Indonesia’s steady currency amid positive credit ratings and equity performance highlights the region’s growing appeal as a destination for diversified portfolio exposure in emerging Asian markets.