April 26, 2018 / 9:17 AM / 10 months ago

Indonesia central bank to hold news conference on rupiah at 0930 GMT

Indonesia's Central Bank Governor Agus Martowardojo arrives at a news briefing at the bank's headquarters in Jakarta, Indonesia, April 26, 2018. REUTERS/Willy Kurniawan

JAKARTA (Reuters) - Indonesia’s central bank said it will hold a news conference on the development of the rupiah currency at 0930 GMT Thursday.

Governor Agus Martowardojo is due to speak at the news conference.

The rupiah has lost nearly 5 percent of its value against the U.S. dollar since late January as a broad rally in the greenback has triggered capital outflows. The central bank has tried to mitigate the risks by buying sovereign bonds and selling foreign currencies.

Reporting by Gayatri Suroyo; Editing by Kim Coghill

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