Bank Indonesia says ready to stabilise rupiah, which is near 27-year low


An employee counts Indonesian rupiah banknotes at a money changer's office in Jakarta. - AFP PHOTO / ADEK BERRY

JAKARTA: The Indonesian central bank said it is ready to intervene to stabilise the rupiah, which on Wednesday stayed close to its lowest levels since 1998 even as officials said market sentiment was positive and economic fundamentals were resilient.

There was positive sentiment in domestic stocks, bonds and the foreign exchange market, said Fitra Jusdiman, Bank Indonesia's director of monetary and securities asset management.

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