Indonesia C.Bank Enters FX Market to Balance Demand and Supply Amid Rupiah Fall

FOREX - JAKARTA. Indonesia's central bank entered in the foreign exchange (FX) market on Monday to ensure confidence in the rupiah, an official said, after the currency fell about 1.2% against the U.S. dollar, its lowest level since mid-August.

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Edi Susianto, the head of Bank Indonesia (BI)'s monetary management department told Reuters the rupiah's weakening on Monday was due to better than expected U.S. jobs data and rising tension in the Middle East.