Portraits of the Indonesia's first President Soekarno, left, and former Prime Minister Mohammad Hatta are displayed on a 100,000 rupiah banknote in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. The Indonesian rupiah posted its first weekly gain in five last week. Finance Minister Sri Mulyani Indrawati said authorities want to tighten some rules on exporters and are seeking a fair share of export earnings to be retained in the country. Photographer: Brent Lewin/Bloomberg
JAKARTA Oct 13 (Reuters): The Indonesian rupiah held steady on Tuesday after the central bank, as expected, kept interest rates unchanged to support the currency's stability, while upbeat Chinese trade figures helped stocks and currencies across the region stage a late recovery.
Bank Indonesia (BI) kept the benchmark interest rate at 4.00%, as it tries to avoid putting more pressure on a falling rupiah, but reiterated its pledge to use quantitative easing to support the coronavirus-hit economy. Stocks in Jakarta were up 0.8%.
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