rupiah

A senior Indonesian official says Bank Indonesia has remained consistent in intervening in the foreign exchange market to support the rupiah. The remarks come as the currency faces pressure, and the bank is signalling it will keep smoothing excessive volatility to maintain market confidence and stability.

Bank Indonesia has reduced its interventions in the foreign exchange spot market, according to the central bank governor. The move suggests officials see pressure on the rupiah easing, though the bank is expected to keep supporting the currency through other tools such as the secondary bond market if needed.