- Rupiah at 18,000 per dollar.
- MSCI proceeding with removal from global indexes.
- Prior MSCI proposal to reclassify Indonesia to standalone market status.
- MSCI flagged concerns over coordinated trading and lack of enforcement.
- IDX requested clarification and cited transparency steps.
- MSCI is moving to remove Indonesia from its global indexes, sending the rupiah past 18,000 per dollar. The move follows MSCI's proposal to reclassify Indonesia from emerging to standalone market status, citing concerns over coordinated trading and lack of enforcement. The Indonesia Stock Exchange has requested clarification and taken steps to improve transparency. The rupiah's decline reflects market reaction to potential exclusion from emerging-market benchmarks.
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