Bank Indonesia Intervenes as Rupiah Hits Record Low
Bank Indonesia intervened in markets on Tuesday after the rupiah hit a record low of 17,090 per dollar. The central bank aims to maintain currency stability.
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The central bank of Indonesia has stepped into the foreign exchange market to defend the national currency after it plunged to a historic low. Senior Deputy Governor Destry Damayanti confirmed that Bank Indonesia is actively managing the situation through direct intervention in both the spot and domestic non-deliverable forwards markets.
