The Indonesian rupiah softened following the central bank's decision to keep its benchmark interest rate steady. Concurrently, benchmark bond yields climbed for a sixth consecutive session as U.S. Treasury prices declined.
Meanwhile, the stock market's rally has extended, pushing gains to 20% above the low seen in early June. The Jakarta Composite Index rose 1.1% on the day to close at 6,407.602 points. Market sentiment was bolstered by a confirmation of the country's sovereign credit rating, putting the index on the cusp of entering a bull market.
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