Indonesia's forex reserves fall to US$105.35b by end-August

[JAKARTA] Indonesia's foreign exchange reserves fell to US$105.346 billion at the end of August from US$107.55 billion at the end of July, Bank Indonesia said on Monday.

The central bank used the reserves to defend the fragile rupiah, emerging Asia's second worst performing currency, last month, it said in a statement.

Additional inflows from the government's samurai bond issue buffered some of the losses, Bank Indonesia said.

The reserves in August were equivalent to 7.1 months of imports.

REUTERS