Indonesia Vows ‘Smart Interventions’ as Rupiah Falls

Indonesia’s central bank pledged “smart interventions” in the foreign-exchange markets as the rupiah fell to a record low.

“Bank Indonesia is committed to remain present in the markets via spot transactions, offshore and domestic non-deliverable forwards, as well as by optimizing all monetary policy instruments to reduce pressures on the rupiah,” Senior Deputy Governor Destry Damayanti said in a mobile-phone message late Tuesday.