Indonesia will intervene in bond market to defend rupiah: central bank
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Indonesia's central bank will intervene in sovereign bond markets to defend the rupiah, its head of monetary management Nanang Hendarsah said, as rising trade tensions between the United States and China weigh on emerging market currencies.
"Bank Indonesia is committed to maintain the stability of the rupiah, and will keep intervening in the bond market for sizeable amount," Mr Hendarsah said.
The rupiah opened at 14,295 per US dollar on Thursday, slipping slightly from 14,290 at the previous closing.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
