JAKARTA: Bank Indonesia’s first auction of its US dollar securities, meant to attract foreign inflows that would support the rupiah, is oversubscribed.The central bank sold US$236.5mil in the Tuesday offer of foreign exchange-denominated securities (SVBI), exceeding its US$200mil target. It awarded US$168mil for the one-month paper at an average rate of 5.45% and US$68.5mil for the three-month note at an average rate of 5.6%.
Original article here
