Indonesia intervenes to support rupiah

29 Mar, 2019

Indonesia's central bank intervened on Thursday to support its currency in the domestic non-deliverable forward and spot markets, while also snapping up bonds dumped by foreign investors, an official told Reuters. "Bank Indonesia is maintaining the rupiah's stability by entering the bond, DNDF (domestic non deliverable forwards) and spot FX markets in a measured way," Nanang Hendarsah, who heads the central bank's monetary management department, said.

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