Bank Indonesia says using key tools to help rupiah

Bank Indonesia said that it was using several key tools to help boost the rupiah."Higher interest rates, intervention and monitoring of banks' (foreign exchange trading)," acting central bank governor Anwar Nasution told reporters when asked what the bank was doing to help the rupiah. Nasution said there was no decision yet on whether to lower the limit on banks' maximum open forward position or to keep it at the current $5 million.

To continue reading...