Markets
Indonesia forex reserves drop to $136.4bn in May
- April's $138.8 billion reserve level was Indonesia's highest on record.
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%.
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