May 6, 2019 / 8:19 AM / a month ago

Indonesia c.bank has intervened to defend rupiah - official

JAKARTA, May 6 (Reuters) - Indonesia’s central bank has intervened in spot currency, domestic non-deliverable forward and bond markets, to defend the rupiah against the dollar, Bank Indonesia’s head of monetary management Nanang Hendarsah said on Monday.

The rupiah weakened to as much as 14,330 per dollar earlier on Monday amid fresh tensions over U.S.-China trade. It traded at 14,320 by 0804 GMT, 0.5 percent lower than the previous session.

Indonesia’s first-quarter GDP data announced on Monday was lower than market expectations, Hendarsah said, but added that a reading above 5 percent was “pretty solid”.

Reporting by Maikel Jefriando Writing by Fransiska Nangoy Editing by Jacqueline Wong

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