Indonesia central bank gov says 13,500 rupiah-to-dollar level ‘competitive’

JAKARTA: Indonesia central bank governor Agus Martowardojo told reporters on Thursday that a rupiah exchange rate level of around 13,500 per dollar is "competitive for Indonesia".

The rupiah dropped to its weakest since December earlier this month, but since then has been trading within a narrow range of 13,455-13,517 per dollar.

The central bank on Thursday kept its policy rate steady, saying the decision was in line with efforts to maintain stability in consumer prices and the rupiah.