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Forex

Indonesia c.bank intervenes in market to ensure FX supply-demand balance as rupiah weakens







Indonesia c.bank intervenes in market to ensure FX supply-demand balance as rupiah weakens

















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Reuters

Indonesia c.bank intervenes in market to ensure FX supply-demand balance as rupiah weakens

Indonesia c.bank intervenes in market to ensure FX supply-demand balance as rupiah weakens

JAKARTA, April 1 (Reuters) –Indonesia’s central bank has intervened in the market to ensure a balance of foreign exchange supply and demand, a senior official said on Monday, amid depreciation of rupiah.

Its head of monetary department Edi Susianto said the rupiah depreciation was due to weakening of the Chinese yuan and the market reaction to rising inflation in March, which accelerated slightly to 3.05% in annual terms. The rupiah weakened 0.38% against dollar on Monday 0651 GMT to 15,910.

Reporting by Stefanno Sulaiman; Editing by Martin Petty

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