Bank Indonesia says it’s ready to intervene to steady rupiah

Quick Summary:

Bank Indonesia has previously said the currency’s fundamental level is stronger than 16,000 per US dollar.

Dollar demand coming from a state-owned company has been declining, which could ease pressure on the currency, he said.

Governor Perry Warjiyo last week reiterated that focus remains on keeping the rupiah stable.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Fundamental Rupiah Dollar Currency’s Indonesia Stronger Level Limited Market Bank Pressure

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 16:15:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24114540

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