Official says Indonesia’s central bank to intervene in domestic NDF to boost liquidity

JAKARTA: Indonesia’s central bank will intervene in the domestic non-deliverable forward market to provide liquidity and maintain rupiah stability, a senior official said on Monday.

Nanang Hendarsah, head of Bank Indonesia’s monetary management, said the “firm” intervention would be conducted through brokers.

The rupiah weakened about 0.2 percent on the spot market to 14,200 per dollar in early trade on Monday. – Reuters