# Asian currencies: Indonesian rupiah at three-month low - Business & Finance - Business Recorder

> The Indonesian rupiah fell up to 0.6% on November 21, 2024, to its weakest level since mid-August. The move followed Bank Indonesia's decision to hold rates and its focus on currency stability. Other Asian currencies were mixed.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/27729-asian-currencies-indonesian-rupiah-at-three-month-low-business-and-finance
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah and reduced odds of near-term rate cuts raise financing and import costs in Indonesia, which can slow local feed and livestock demand.

## Sources

- brecorder.com: https://www.brecorder.com/news/40333865

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.