Indonesia’s central bank has intervened in the spot foreign exchange and domestic non-deliverable forward markets to prevent high volatility in the rupiah currency, an official said on Monday.
The rupiah fell 0.8 percent to 15,325 a dollar earlier on Monday, the weakest level since March. Edi Susianto, head of Bank Indonesia’s monetary management department, told Reuters the intervention was meant to “ensure a good balance of supply and demand”.
Source: Reuters
