Philippine c.bank intervenes to help peso -traders

SINGAPORE, Aug 20 - The Philippine central bank sold dollars in the market on Wednesday to support the weakening peso, traders said.

"I think they are selling dollars at the 45.65 level but i'm not sure if it's a big amount," said a Manila-based trader.

A second trader said the central bank was selling dollars from 45.65 to 45.67.

The peso <PHP=> fell as far as 45.69 per dollar, its weakest level since July 14.

In recent months, central banks in other Asian countries, including South Korea, India, Thailand and Indonesia, have also intervened to prop up their currencies to help rein in inflation. (Reporting by Kevin Yao and Melissa Chia; Editing by Louise Heavens)

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