The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

Indonesian c.bank says 'always' in the forex market to calm fluctuations

Published Thu, Jun 4, 2015 · 03:54 AM
Share this article.

[JAKARTA] Indonesia's central bank will "always" be in the foreign exchange and bond markets to calm fluctuations, its spokesman said on Thursday as the rupiah moved close to a 17-year low. "Bank Indonesia will monitor and will always be in the market to calm fluctuations in the exchange rate and the bond prices," Peter Jacobs, the spokesman said.

He said the rupiah, which was trading at 13,240 per dollar on Thursday, weakened because of the strengthening of the euro.

The rupiah hit a 17-year low in March of 13,245 against the dollar.

The bond yield, rising since Friday, was at 8.198 per cent Thursday morning.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here