Official: Bank Indonesia intervenes to stabilize markets

According to an official at Bank Indonesia (BI), the Indonesian central bank has intervened in spot fx, domestic NDF and bond markets to stabilize markets this Monday.

The official added that added that the BI will maintain presence at markets until closing time to guard stability.

On the intervention news, the USD/IDR pair extends its retreat from six-day highs of 13,970 to now trade near 13, 958.50 levels.