Official says Indonesia's central bank to intervene in domestic NDF to boost liquidity


Bank Indonesia (BI), the nation

JAKARTA: Indonesia's central bank will intervene in the domestic non-deliverable forward market to provide liquidity and maintain rupiah stability, a senior official said on Monday.

Nanang Hendarsah, head of Bank Indonesia's monetary management, said the "firm" intervention would be conducted through brokers.

The rupiah weakened about 0.2 percent on the spot market to 14,200 per dollar in early trade on Monday. - Reuters

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bank Indonesia , liguidity , NDF , rupiah ,

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read