Indonesian c.bank intervenes to support rupiah-traders

SINGAPORE | Wed Nov 18, 2009 10:18pm EST

SINGAPORE Nov 19 (Reuters) - Indonesia's central bank intervened on Thursday to support the weakening rupiah on persistent jitters over possible steps to curb foreign flows, traders said.

"BI (the central bank) kept selling dollar/rupiah from 9,460," said a Jakarta-based trader.

The rupiah fell as low as 9,480 to the dollar, down 1 percent from Wednesday's close.

A trader in Singapore said the rupiah's fall in offshore non-deliverable forwards IDRNDFOR= had slowed down after the official intervention on the spot market.

Market fears over possible capital curbs by Indonesia have eased after the central bank on Wednesday played down the threat of immediate curbs, but investors sentiment was hurt by Brazil's move to curb capital inflows, traders said. (Reporting by Kevin Yao)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.