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✉news BusinessBanking first seen 8 h ago, last 16 min ago, peak #9

Indonesia central bank defends rupiah with consistent interventions

Original: Indonesia central bank consistent in its currency interventions, official says

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.

Why now: Traders are watching whether Bank Indonesia will keep defending the rupiah amid currency pressure.

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