Jakarta, Oct. 19 -- Bank Indonesia (BI) is strengthening its measures to stabilize the rupiah exchange rate through various market intervention instruments to mitigate the impact of high global economic volatility on the domestic economy.

"Essentially, Bank Indonesia will always remain present in the market," BI Governor Destry Damayanti stated following a limited cabinet meeting on economic affairs at the Presidential Palace complex in Jakarta on Monday.

Destry explained that President Prabowo Subianto has instructed the central bank to continue its efforts and monitor the effectiveness of various stabilization policy instruments that have been prepared.

These steps include interventions in both the spot market and through Non-Deliver...