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✉news BusinessBanking first seen 13 h ago, last 1 h ago, peak #9

Indonesia central bank staying active in currency interventions, official says

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

A senior Indonesian official said Bank Indonesia has been consistent in intervening in the foreign exchange market to support the rupiah. The statement comes as emerging market currencies face pressure from a strong dollar and global uncertainty. The pledge is meant to reassure investors that the central bank will act to curb excessive volatility and defend the currency when needed.

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

Bank IndonesiaIndonesiarupiah

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