Indonesia c.bank "in the market" to stabilise rupiah - official

Credit: REUTERS/STRINGER

Indonesia's central bank was "in the market" to stabilise the rupiah as the currency fell 0.28% to 14,515 per dollar on Wednesday, its weakest since Dec. 28, an official told Reuters.

JAKARTA, May 22 (Reuters) - Indonesia's central bank was "in the market" to stabilise the rupiah as the currency fell 0.28% to 14,515 per dollar on Wednesday, its weakest since Dec. 28, an official told Reuters.

Nanang Hendarsah, Bank Indonesia's head of monetary management, said the rupiah has been under pressure since Wednesday's opening "due to genuine domestic (dollar) demand for imports and dividend repatriation".

When asked whether there was any connection between the rupiah's fall and deadly riots in Jakarta following official confirmation that President Joko Widodo had won last month's election, Hendarsah declined to answer specifically. He said trading volume was low.

(Reporting by Maikel Jefriando Writing by Gayatri Suroyo; Editing by Simon Cameron-Moore)

((gayatri.suroyo@thomsonreuters.com; +622129927609; Reuters Messaging: gayatri.suroyo.thomsonreuters.com@reuters.net))

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