Indonesian c.bank says 'always' in the forex market to calm fluctuations
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 "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
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
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
