February 8, 2018 / 5:19 AM / in 8 months

Indonesia managing rupiah to reflect fundamentals - central bank deputy governor

JAKARTA (Reuters) - Bank Indonesia (BI) will manage the rupiah currency to reflect economic fundamentals while still maintaining market mechanisms, senior deputy governor Mirza Adityaswara told an economic forum on Thursday.

A woman walks behind a logo of Indonesia's central bank, Bank Indonesia, in Jakarta, November 17, 2016. REUTERS/Beawiharta/File Photo

The rupiah touched its weakest since October 27 on Thursday. It has dropped around 1.7 percent since the end of January amid the global equity sell-off. [EMRG/FRX]

BI governor Agus Martowardojo said earlier this week that the rupiah’s movements this year had been within a “fair” range.

Reporting by Maikel Jefriando; Editing by Eric Meijer

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