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The rupiah weakened to around 18,070 per US dollar on Thursday, October 22, as high global oil prices raised fiscal concerns for Indonesia. El Niño-driven food costs kept inflation elevated, and MSCI's proposed market reclassification added to fears of capital outflows.
Bank Indonesia's liquidity measures helped cushion the decline, and the central bank projected a wider current account deficit for 2026.
A weaker rupiah and a wider current account gap raise the rupiah cost of imported feed and energy in Indonesia, which can feed through to local feed prices.
fxstreet.comAkhtar FaruquiOct 22, 2026Not 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.
