Jakarta, May 6 -- President Prabowo Subianto endorsed seven strategies proposed by Bank Indonesia (BI) to stabilize the rupiah after recent weakness, underscoring coordinated efforts to support the currency and maintain financial stability.

Governor Perry Warjiyo said the measures were presented during a closed-door meeting with the Financial System Stability Committee at the presidential palace in Jakarta on Tuesday evening.

The first step involves intensifying foreign-exchange market intervention, both onshore and offshore, to steady the rupiah, backed by what the central bank says are ample foreign-exchange reserves.

"Our reserves are more than sufficient to stabilize the rupiah," Perry said, signaling confidence in the central bank...