SINGAPORE: Indonesia’s central bank sold dollars on Friday to support the weakening rupiah, traders said.
“They (the central bank) were at various levels, from 9,340 rupiah,” said a trader in Jakarta.
“The currency is being pressured because the emerging market and majors are under pressure - the dollar is very strong,” said a second trader in Jakarta.
The rupiah recovered to around 9,300 rupiah per dollar after hitting as low as 9,365 rupiah per dollar - its lowest level since May 27. - Reuters
Via The Edge Daily
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