Indonesia Central Bank has Intervened in Forex Market, Official Says

FOREX - JAKARTA. Indonesia's central bank has intervened in the foreign exchange market on Friday, a senior official said, as rupiah weakened to its lowest level against the U.S. dollar in more than two weeks.

The head of Bank Indonesia's (BI) monetary department, Edi Susianto, told Reuters the depreciation was due to stronger-than-expected U.S. economic growth, as well as foreign currency demand from state energy firm Pertamina, which it generally uses to pay for imports, and other companies which are repatriating funds.