Jakarta (ANTARA) - Bank Indonesia (BI) reaffirmed its commitment to maintaining rupiah stability after the currency weakened against the US dollar, reaching around Rp16,700 (approximately US$0.99) per dollar.
BI Governor Perry Warjiyo said in a statement here on Friday that the central bank is deploying all available instruments, including spot market operations, domestic non-deliverable forwards (DNDF), and purchases of government securities (SBN) in the secondary market.
The central bank has also been intervening in overseas markets across Asia, Europe, and the United States through non-deliverable forward (NDF) transactions.
Bank Indonesia expressed confidence that these measures will help keep the rupiah aligned with its fundamental value.
The central bank also urged market participants to work together to maintain a stable and conducive financial environment.
In recent days, the rupiah has traded between Rp16,600 (about US$0.99) and Rp16,700 (about US$0.99) per dollar.
On Tuesday morning (September 23), it briefly strengthened to around Rp16,500 (about US$0.98) before weakening back to Rp16,600 (about US$0.99) later in the session.
At the opening of Friday’s trading in Jakarta, the rupiah slipped 26 points, or 0.15 percent, to Rp16,775 (around US$1) per dollar from the previous close of Rp16,749 (around US$0.99).
Over the past week, the rupiah has fallen by about 1.23 percent compared to last Friday’s opening.
It also weakened 0.85 percent from Monday’s opening (September 22).
