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Indonesia's central bank

Indonesia Central Bank Guarding Against Excessive Rupiah Falls

Indonesia's central bank
Bank Indonesia headquarters in Jakarta, Indonesia

KONTAN.CO.ID - JAKARTA. Indonesia's central bank has continued with its "triple intervention" to guard against excessive falls in the rupiah exchange rate, with a focus on intervening in the domestic nondeliverable forward market, an official said on Wednesday.

Edi Susianto, head of Bank Indonesia's monetary management department, told Reuters the central bank would also continue to conduct "operation twist" in the bond market with a focus on selling short-term bonds.

His comments came after the rupiah on Wednesday fell by as much as 0.9% to 15,260 per dollar, its weakest since April, 2020.

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