JAKARTA - Indonesia's central bank will make efforts to ensure the rupiah does not trade with high volatility and disrupt the market mechanism, Edi Susianto, the head of its monetary management department, said on Monday.
"Of course, BI (Bank Indonesia) ensures that we will be in the market... to maintain that the rupiah exchange rate does not move with very high volatility that has the potential to disrupt the market mechanism," he told Reuters in a text message.
The rupiah dropped as much as 0.65% in early trading on Monday. Susianto said the drop was triggered by hawkish comments made by U.S. Federal Reserve officials and Indonesia's crude palm oil export ban, which was announced on Friday.
(Reporting by Gayatri Suroyo Editing by Ed Davies)