Indonesia’s central bank intervened in currency markets to support the rupiah after it weakened toward the psychological level of 16,000 per dollar.
Bank Indonesia is intervening in the spot currency, domestic non-deliverable forwards and the government bond market to support the rupiah, Executive Director for Monetary and Asset Securities Management Edi Susianto said in a text message Friday. The rupiah pared an earlier loss of as much as 0.6% to trade at 15,897 ($1.35) per dollar as of 1:25 p.m. in Jakarta.
