The President is expected to outline the broader stabilization strategy before lawmakers in the coming days, according to the finance minister.
Finance Minister Purbaya Yudhi Sadewa prepares to address a press conference on Oct. 24, 2025, at the Finance Ministry in Central Jakarta. (JP/Deni Ghifari)
The Finance Ministry is injecting Rp 2 trillion (US$113 million) a day into the domestic bond market in a bid to steady the rupiah, stem foreign capital outflows and reduce financial market volatility after the currency slid to a record low.The intervention comes after the rupiah dropped below 17,700 per the United States dollar in spot trading on Tuesday, extending losses from the preceding day as global and domestic economic pressures weighed on sentiment.
Finance Minister Purbaya Yudhi Sadewa said the government had begun to gradually buy sovereign bonds to shore up investor confidence and stabilize debt prices.
“We have entered the bond market gradually. Foreign investors have also started coming back, so conditions should stabilize in the coming weeks,” he told reporters at the State Palace on Monday.
