ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Markets

Indonesia's foreign reserves hit two-year low

Central bank running out of options after repeated currency interventions

U.S. rate hikes have put downward pressure on the rupiah, which dipped below 15,000 to the dollar earlier in October.   © Reuters

SINGAPORE -- Indonesia’s foreign reserves have fallen to a level not seen for two years after the central bank's repeated interventions in the currency market to defend the rupiah.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more