Hendarsah said the downturn in Indonesian financial markets was due to falling US equity market on fear of a second wave of coronavirus infections there.
JAKARTA: Indonesia's central bank on Friday intervened in the spot foreign exchange and domestic non-deliverable forward (DNDF) markets to stabilise the rupiah, its head of monetary management Nanang Hendarsah told Reuters.
"Since (market) opening we have intervened in the spot market and DNDF," he said in a text message.
Hendarsah said the downturn in Indonesian financial markets was due to falling US equity market on fear of a second wave of coronavirus infections there.
Indonesia's rupiah fell 1.23pc from the previous day's closing to 14,122 a dollar at 0500 GMT Friday, while the main stock index was down 0.5pc and bond yields rose.
Comments
Comments are closed for this article.