Bank Indonesia intervened in spot foreign currency trading as well as domestic n...
JAKARTA - Bank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stabilize the rupiah, an official said, as the currency fell 0.5% to the weakest since mid-January.
“BI is boldly buying bonds in the secondary market and is offering DNDF through 8 brokers,” he said, adding that intervention was also done in a measured way in the spot FX market.fall in early trade to a drop in China's equities market, which plunged after reopening from a 10-day Lunar New Year holiday amid a rapidly spreading virus epidemic.and commodities markets in Shanghai slumped on Monday, on fears the coronavirus epidemic will hit demand in the world's second-largest economy.
Indonesia’s benchmark 10-year bond yield ID10YT=RR jumped to 6.701%, from the previous session’s close of 6.645%.fell 0.5% on Monday and is down 6.6% since mid-January, making it the second-worst performing in Southeast Asia after Manila so far this year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China central bank unexpectedly cuts reverse repo rates to help economy as virus spreadsChina's central bank unexpectedly lowered the interest rates on reverse rep...
Read more »
China central bank to inject $174 billion via reverse repos on February 3China's central bank said it will inject 1.2 trillion yuan ($173.8 billion)...
Read more »
China central bank to inject $174 billion via reverse repos on Feb. 3China's central bank said it will inject 1.2 trillion yuan ($173.8 billion)...
Read more »
China central bank sees temporary economic impact from virus, pledges support measuresChina central bank says will keep liquidity ample, sees temporary economic impact from virus
Read more »
China central bank sees temporary economic impact from virus, pledges support measuresChina central bank says will keep liquidity ample, sees temporary economic impact from virus
Read more »
China central bank unexpectedly cuts reverse repo rates to help economy as virus spreadsChina's central bank unexpectedly lowered the interest rates on reverse rep...
Read more »