1. But currency dealers said the strengthening rupiah was also supported by intervention by Bank Indonesia, the central bank. 2. Currency dealers and stockbrokers said the market expected Bank Indonesia would again raise SBI rates this week to support the rupiah. 3. It rallied slightly after central bank governor Soedradjad Djiwandono said the bank would intervene in the market to support the rupiah. 4. Nevertheless, he did not rule out future currency market interventions to support the rupiah. 5. Traders say there has been no central bank intervention in the market to support the rupiah. 6. Trading was light in neighboring Singapore due to Chinese New Year celebrations, which start Wednesday, making it easier for the central bank to support the rupiah. |