Jakarta, May 20 -- Finance Minister Purbaya Yudhi Sadewa expressed optimism that the rupiah would strengthen as the government observed an influx of foreign capital into Indonesia's bond market.

Purbaya said the government had taken strategic measures, including purchasing bonds on the secondary market, to maintain domestic financial market stability amid global pressures and the weakening rupiah.

"The rupiah will not remain at this low level for too long. We have already seen improving sentiment in the bond market, right? Funds are starting to flow in, and I think more will come in the future, so the rupiah will strengthen," Purbaya said during a press conference in Jakarta on Tuesday (May 19).

The rupiah closed at Rp17,706 per US dol...