Indonesia intervenes in markets as rupiah sets new record low
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Indonesia's central bank intervened in foreign-exchange markets as the rupiah hit a record low of 17,422 per US dollar, dropping 0.2%. The intervention included offshore and domestic non-deliverable forwards, spot transactions, and government bonds. This decline is attributed to investors selling off assets from countries affected by rising oil prices due to the Iran war. The central bank aims to stabilize the rupiah and ensure proper market functioning.
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Source: Businesstimes News The copyright of this article belongs to the original author/organization.
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