Bank Indonesia intervention lifts rupiah from lowest position since 2020

Bank Indonesia intervention lifts rupiah from lowest position since 2020

JAKARTA, Sept 27 (Bloomberg): Bank Indonesia stepped in to prop up the rupiah for a second day, joining a host of other policy makers which are pushing back against a surging dollar. Indonesian authorities are intervening in the spot and domestic non-deliverable forwards markets to prevent the rupiah from weakening excessively, Edi Susianto, executive director … Read more