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Indonesia central bank governor says no worries over weakening rupiah

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Indonesia's central bank governor said on Thursday that the rupiah is in good condition and Bank Indonesia is not worried about its decline, as the currency weakened past a psychological support level at 13,000 per dollar. "The rupiah is in good condition and we are always in the market to reduce volatility," Bank Indonesia Governor Agus Martowardojo told reporters. "In general, there's no need to worry," he added.

[JAKARTA] Indonesia's central bank governor said on Thursday that the rupiah is in good condition and Bank Indonesia is not worried about its decline, as the currency weakened past a psychological support level at 13,000 per dollar. "The rupiah is in good condition and we are always in the market to reduce volatility," Bank Indonesia Governor Agus Martowardojo told reporters. "In general, there's no need to worry," he added.

Earlier on Thursday, the central bank's deputy governor Mirza Adityaswara said onshore dollar demands contributed to the recent weakening in the rupiah.

The Indonesian currency is the worst performing emerging Asian currency so far this year, with a 4.90 per cent loss against the dollar, Thomson Reuters data showed.

REUTERS