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Bank Indonesia said it is ready to intervene to stabilise the rupiah, which stayed close to its lowest level since 1998. The rupiah had weakened past 16,600 per dollar on Tuesday.
Officials said market sentiment was positive and fundamentals were resilient.
Central bank intervention may limit further rupiah weakness, which affects the cost of imported feed ingredients for Indonesian buyers.
reuters.comMar 26, 2025Not 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.
