The central bank has intervened in the markets over the past few days in a bid to dampen volatility in the rupiah, Governor Burhanuddin Abdullah said.

The rupiah, along with other regional currencies, has come under heavy selling pressure in recent days as investors dump assets viewed as risky in a global flight to safety prompted by the US subprime mortgage loans crisis.

“I think over the past few days Bank Indonesia has done its job in trying to stabilize the rupiah and reduce its volatility,” Abdullah told reporters on Thursday.