Jakarta, Sept. 1 -- Bank Indonesia (BI) has reaffirmed its commitment to maintaining the stability of the rupiah exchange rate and ensuring sufficient rupiah liquidity in the market, so the currency can move in line with its fundamental value through a well-functioning market mechanism.

"Bank Indonesia is present in the market to ensure the rupiah exchange rate reflects its fundamental value through a sound market mechanism," said Erwin Gunawan Hutapea, Head of BI's Monetary Management and Securities Department, in a statement in Jakarta on Monday.

To support this, BI continues to strengthen its stabilization measures, including non-deliverable forward (NDF) interventions in the offshore market and interventions in the domestic market t...