
The rupiah weakened on October 26 as investors weighed fiscal risks from high oil import costs and the trade-off Bank Indonesia faces between defending the currency and supporting growth. MSCI had warned Indonesia could be demoted to standalone market status, and the government introduced measures against stock manipulation.
Bank Indonesia cut the reserve requirement ratio from 9% to 8%.
Currency weakness and fiscal strain raise the cost of imported feed and energy in Indonesia, and the reserve requirement cut adds domestic liquidity but may weigh further on the rupiah.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.