- As the rupiah trades close to four-year lows versus the dollar, a top official said on Wednesday that Indonesia’s central bank is directing the foreign currency (FX) market by making sure supply and demand are balanced.
- The rupiah fell in value in tandem with other Asian currencies, according to Edi Susianto, director of Bank Indonesia’s monetary department, as a result of increased demand for foreign exchange from local businesses and remarks made by the U.S. Federal Reserve on its monetary policies.
Source:
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