BI vows to prevent rupiah breaking 10000 level

Bank Indonesia will take action to protect the rupiah from breaking through the Rp 10,000 level against the U.S. dollar, the central bank's governor Syahril Sabirin said on Mar 6.

"We will either intervene or raise interest rates or employ a combination of both to protect the rupiah," he told reporters after meeting with the House of Representatives' Speaker Akbar Tandjung.The rupiah is teetering towards the 10,000 level after it dropped last week to its lowest level in two years. On Mar 6, th