Indonesian Rupiah and Indian Rupee Experience Decline Against US Dollar

The Indonesian rupiah has depreciated to 17,315 against the US dollar, while the Indian rupee has weakened to 94.08. According to NS3.AI, the Reserve Bank of India previously set a limit on bank bets against the rupee at $100 million and urged banks to liquidate US dollar holdings before April 10. Meanwhile, the Bank of Indonesia announced its commitment to implementing all necessary measures to stabilize the rupiah.