The Business Times

Indonesia’s central bank conducts intervention to support rupiah

    • Bank Indonesia’s head of monetary department Edi Susianto told Reuters that the rupiah’s fall was mainly due a resilient US economy and growing geopolitical tensions between China and Taiwan.
    • Bank Indonesia’s head of monetary department Edi Susianto told Reuters that the rupiah’s fall was mainly due a resilient US economy and growing geopolitical tensions between China and Taiwan. PHOTO: REUTERS
    Published Fri, Dec 13, 2024 · 01:19 PM

    INDONESIA’S central bank has intervened in the foreign exchange market to maintain confidence in the rupiah, which fell to a four-month low against the dollar earlier on Friday.

    Bank Indonesia’s head of monetary department Edi Susianto told Reuters that the rupiah’s fall was mainly due a resilient US economy and growing geopolitical tensions between China and Taiwan.

    The rupiah fell as much as 0.44 per cent to 15,990 a dollar in morning trade. REUTERS

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