Indonesia's President Susilo Bambang Yudhoyono said the government will announce a ``response policy'' tonight to stem a slide in the nation's currency.
The currency fell as much as 8.7 percent before recovering to trade down 0.9 percent at 11,050 against the dollar.
``We cannot always solve this through intervention,'' Yudhoyono told reporters in Jakarta today, referring to the central bank buying the local currency. ``If the decline is because of fundamental reasons, what we must solve is the fundamental reasons.''
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