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"Bank Indonesia intervened in the currency market on Wednesday to prevent the rupiah from depreciating further against the dollar. The central bank also said the rupiah’s decline against the greenback was temporary.

“Hour by hour, we’ve been entering the market because Bank Indonesia will guard the market if there are sharp market fluctuations,” said Hartadi Sarwono, Bank Indonesia’s deputy governor in charge of monetary policies. “So, all of that can... reduce market concerns.”

Hartadi made the comments amid concerns that Europe’s debt crisis may undermine confidence in emerging economies."

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