Indonesia FX Reserves Hit Nearly Two-Year Low on Rupiah Defense

Indonesia’s foreign-exchange reserves fell for a third straight month in March to the lowest level in nearly two years as the central bank stepped up market intervention to stabilize the...

By Grace Sihombing, Prima Wirayani · Bloomberg Markets

Indonesia’s foreign-exchange reserves fell for a third straight month in March to the lowest level in nearly two years as the central bank stepped up market intervention to stabilize the falling rupiah.