1. Indonesian interest rates have soared to six-year highs in the past two months as the central bank has moved to defend the rupiah. 2. Indonesian interest rates have soared to six-year highs in the past two months as the central bank has used rates to defend the rupiah. 3. Rates have soared in the past two months as Indonesia moved to defend the rupiah. 4. Rates have soared to six-year highs in the past two months as Bank Indonesia has moved to defend the rupiah. 5. The Indonesian government said it would defend the rupiah if fluctuations prove too volatile. 6. But he hastily explained that the intervention was not aimed at defending the rupiah at a certain level, but in preventing the value from declining excessively. 7. Currency dealers have said the central bank has been active lately defending the rupiah from continuous attack by intervening both in the spot and swap markets. 8. Dealers said the central bank was seen in the market in the last three days to defend the rupiah from further attacks. 9. McLeod said the liquidity squeeze had failed to defend the rupiah. 10. Suharto appears to have backed down from his earlier determined push to introduce a currency-board regime to defend the rupiah. |