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Indonesia’s central bank has done bold FX intervention, official says — TradingView News

Indonesia’s central bank has acted to calm the currency market, including “bold and measured” intervention in the spot foreign exchange markets as well as the non-deliverable forward and bond markets, an official said on Wednesday.

Fitra Jusdiman, Bank Indonesia’s director of monetary and securities asset management, told Reuters the rupiah USDIDR had been hit by spillover impact from Tuesday’s drop in the benchmark stock index COMPOSITE and global factors.

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