Bank Indonesia: Will continue to participate in the foreign exchange market to stabilize the Indonesian Rupiah.

The Indonesian central bank said on Friday that it will continue to participate in the foreign exchange market to stabilize the Indonesian rupiah. The regulatory authority of the Indonesian Stock Exchange stated that despite the sudden drop in the Indonesian rupiah, the market fundamentals remain strong. The Indonesian rupiah fell by nearly 1% on Friday, hitting its lowest level since August 1st, before recovering some lost ground. The Indonesian stock index dropped by 2% at one point, reaching its lowest point since August 12th. The head of the foreign exchange department of the Indonesian central bank did not provide detailed reasons for the depreciation of the Indonesian rupiah on Friday. Regarding the 2% drop in the stock market, the head of the regulatory authority of the Indonesian Stock Exchange responded that the market fundamentals remain strong and that technical adjustments are normal. Prior to both statements, Indonesian students had been holding protests for several days starting from Monday, protesting against the salaries of lawmakers. The day before, a motorcycle rider had died in a violent clash with the police.