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Indonesia forex reserves drop to $136.4bn in May

  • April's $138.8 billion reserve level was Indonesia's highest on record.
Published June 8, 2021 Updated June 8, 2021 10:58am
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By Reuters
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JAKARTA: Indonesia's foreign exchange reserves dropped by $2.4 billion in May to $136.4 billion, central bank data showed on Tuesday, amid capital outflows linked to talks of potential policy tightening in developed economies.

April's $138.8 billion reserve level was Indonesia's highest on record.

The rupiah was volatile in May, strengthening rapidly in the first few days before weakening as much as 2%.

Indonesia's rupiah

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