Indonesia has experienced a significant decline in its foreign reserves during March, reaching the lowest level in two years. This drop comes amid efforts by the central bank to support the weakening Indonesian rupiah.
Indonesia has recorded a significant decline in its foreign reserves, which fell by <strong>$3.7 billion</strong> to <strong>$148.2 billion</strong> by the end of March 2026. This decrease is attributed to the repayment of external debts, despite positive foreign currency inflows from government bonds and taxes.
India has announced a ban on its banks from offering popular instruments for trading the rupee in foreign markets, threatening a market worth <strong>$149 billion daily</strong>. This unprecedented move aims to support the Indian currency, which is experiencing a sharp decline.
India has announced decisive steps to curb speculative betting against its national currency, the rupee, leading to significant pressure on traders. These measures come at a time when the rupee faces increasing strain due to regional crises, particularly the conflict in Iran.