Indonesia fails to absorb funds in reverse repo auctions

JAKARTA, Nov 12 - Indonesia's central bank received no bids from the auctions of its 21-day and 63-day reverse repo, failing to absorb funds for the fourth week in a row.

It had aimed to absorb 2 trillion rupiah of cash from the auctions, by selling series of government treasury bills and fixed-rate bonds to commercial banks.

Bank Indonesia held 24.61 trillion rupiah worth of tradeable rupiah government bonds as of November 6, slightly up from 24.15 trillion rupiah at the end of October, finance ministry data showed.