Rupiah back near 18,000 amid strong dollar and high oil prices
The Jakarta Post reports that BI Governor Destry Damayanti said the central bank had reduced spot-market foreign-exchange interventions to 30 percent of total interventions because they were too costly.
TLDR
The Jakarta Post reports the rupiah is back near 18,000 amid a strong dollar and high oil prices. It says BI Governor Destry Damayanti told lawmakers the central bank had reduced spot-market foreign-exchange interventions to 30 percent of total interventions because they were too costly.
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