Rupiah trades near record low as interest rate breaches 7.5%
The sell-off reflects investor unease over index provider MSCI’s proposal to reclassify Indonesia’s equity market from emerging to standalone status. (Photo by Tomoyoshi Oshikiri)
ISMI DAMAYANTI and REZHA HADYAN
October 28, 2026 19:20 JST
JAKARTA — Indonesia’s financial markets remain under pressure, with stocks, government bonds and the rupiah facing sustained selling due to concerns over a potential MSCI downgrade.