Bank Indonesia will move quickly to keep the rupiah exchange rate stable against the U.S. dollar, taking actions including auctions of domestic non-deliverable forwards (DNDF), term repos and forex swaps, said Nanang Hendarsah, executive director of the monetary management department at the central bank, according to an Insider Stories report on Monday.
“If capital flows out of state securities have the potential to trigger volatility in the rupiah exchange rate, BI will also enter the market to buy state securities,” he said, according to the report.
