The Indonesian rupiah fell to its weakest level against the dollar in more than 20 years on Monday, prompting the country’s central bank to say that it will intervene.
Bank Indonesia said on Monday it is intervening in the foreign exchange and bond markets, according to a Reuters report.
The rupiah fell to 14,777 per dollar on Monday, its weakest level since 1998 and a 8.93 percent drop since the start of the year.
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