JAKARTA: Indonesia’s foreign exchange reserves dropped by about US$3.1bil in September, partly due to currency market intervention, Bank Indonesia (BI) said on Friday, as the rupiah continued to trade near its weakest in over 20 years.
A broad retreat by investors from emerging markets, high oil prices and concerns over potential fallout from an escalating trade war between the United States and China all contributed to the pressure on the rupiah over recent weeks.
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