Bank Indonesia’s Warijyo: Central bank has more than enough forex reserves to support the rupiah

Dhwani Mehta FXStreet

Bank Indonesia’s (BI) Governor Warijyo said on Thursday, the central bank has more than enough forex reserves to support the rupiah, including through "triple intervention".

Further comments

Sees a slowdown in outflows, some foreigners are seen buying govt bonds in the secondary market.

Will ensure the financial system has enough liquidity during the shorter trading period starting next week.

The rupiah weakness is temporary.

USD/IDR Price Analysis: Better bid, but still trapped in a contracting range

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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