Bank Indonesia Says Will Act Boldly to Maintain Rupiah Stability

RUPIAH - JAKARTA. Indonesia's central bank will act boldly to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and bond markets, a deputy governor said on Wednesday after the rupiah hit a record low against the dollar.

Bank Indonesia's (BI) senior deputy governor Destry Damayanti told Reuters that moves in domestic bonds on Wednesday indicated that investors still had confidence in the sovereign bond market.