"The rupiah exchange rate is still under a lot of financial market pressure, because of global factors such as the possible tapering of US Federal Reserve`s stimulus cuts and domestic factors such as current account deficit," said Perry Warjiyo, the central bank`s deputy governor, here on Tuesday.
He stated that BI would continue to intervene in the foreign exchange market to stabilize the rupiah.
Apart from that, BI will also buy state securities, Perry said, adding that "in the past two days we have bought around Rp2.6 trillion worth of state securities."
He revealed that BI has so far bought state securities worth approximately Rp31 trillion.
Based on the Jakarta Interbank Spot Dollar Rate (JISDOR), the rupiah exchange rate on August 20 dropped against the US dollar to Rp10,504, from Rp10,451 the day before. (YH/INE/S012)
Editor: Kunto Wibisono
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