Bank Indonesia has intervened in the currency markets to support the rupiah due to concerns about the potential outcome of the US elections and a more cautious approach to monetary easing by the Federal Reserve.

The central bank is actively participating in the spot market and domestic non-deliverable forwards to reduce volatility as the rupiah experiences a decline.

Edi Susianto, the executive director for monetary management at Bank Indonesia, confirmed that this is the second intervention by the central bank in two weeks. This action demonstrates the bank's commitment to stabilizing the currency in response to external pressures impacting market sentiment.