Jakarta, Jan. 17 -- The trend of the rupiah exchange rate strengthening that has continued to occur in recent days is still in harmony with the domestic economic fundamentals and is moving in line with market mechanisms.

Since it is still in line with economic fundamentals, the Central Bank has yet to enter the market for exchange rate intervention.

BI Deputy Governor Dody Budi Waluyo stated at the annual meeting of the financial services industry in Jakarta on Thursday that if the rupiah's appreciation prolonged and lies in a range that did not align with economic fundamentals, the Central Bank will not hesitate to intervene.

"If the rupiah is outside its fundamentals, the BI will enter," he stated.

In the meantime, in the spot marke...