The rupiah weakened further to Rp14,625 against the U.S. dollar on Tuesday (Aug 14), extended correction on Monday, but the central bank (Bank Indonesia/BI) confirmed to have intervened the local currency. The rupiah since Monday passed beyond the psychological boundary of Rp14,600 per U.S. dollar level—its lowest level since October 2015—puts additional pressure on the Indonesian currency as it encourages more people to seek safe haven assets, such as the U.S. dollar or Japanese yen.To subscribe please click here