Indonesian forex reserves down

Indonesian forex reserves down

JAKARTA: Indonesia's foreign exchange reserves slid to
US$30.32 billion as of Sept. 30 from $30.41 billion as of Sept.
23, according to data published on Bank Indonesia's Website on
Friday.

The Website didn't provide additional details.

Bank Indonesia usually attributes any fall in foreign exchange
reserves to the payment of some of the government's offshore
debts.

The central bank usually taps the reserves to help the rupiah
if it is under selling pressure. Analysts estimated that around
$5 billion of the reserves were used earlier this year to defend
the rupiah, which fell to a four-year low in late August. -- Dow
Jones