You are here

BI's about-face on rupiah is challenged by lack of reserves

The rupiah rallied 0.6 per cent last week to 13,118 per US dollar as the central bank voiced its support for the currency.


INDONESIA'S foreign-exchange reserves, the smallest in South-east Asia relative to economic output, are coming under scrutiny as the central bank starts to combat the rupiah's slide to a 16-year low.

"Indonesia is not in a comfortable range when it comes to reserves,"...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to