Purbaya also said he was puzzled by the rupiah's weakness despite what he described as still-strong economic fundamentals.

The rupiah strengthened by 21 points, or 0.12 percent, to Rp17,696 per US dollar in Monday morning trading from Rp17,717 previously.

Coordinating Minister Airlangga Hartarto defended the current rupiah depreciation.

Foreign exchange observer Ibrahim Assuaibi said the rupiah's decline was driven by expectations of higher US Federal Reserve interest rates.

The Indonesian currency, the rupiah, is continuing to struggle against the strengthening of the US dollar.

Rupiah anjlok mendekati Rp 17.800 per dollar AS. Menkeu Purbaya Yudhi Sadewa kelakar stres namun yakin fundamental RI kuat, intervensi pemerintah disiapkan di tengah tekanan…

Purbaya also said he was puzzled by the rupiah's weakness despite what he described as still-strong economic fundamentals.

Menteri Keuangan (Menkeu) Purbaya Yudhi Sadewa menilai pelemahan nilai tukar yang hampir menyentuh Rp 17.800 per dolar Amerika Serikat (AS) tak masuk akal.