Bank Indonesia conducts triple intervention to maintain market stability, Rupiah off lows

Indonesia's central bank has intervened in the spot currency, domestic non-deliverable forward (DNDF) and bond markets to maintain market stability, Nanang Hendarsah, head of Bank Indonesia's (BI) monetary management department, told Reuters on Wednesday.

Key Quotes:

"Triple intervention since this morning."

"Still ongoing in the bond and DNDF markets," adding that he sees volatility in Indonesian markets to be temporary due to rising tensions in the Middle East.