# Indonesia intervenes as rupiah nears 16,000 per dollar level - The Business Times

> Bank Indonesia intervened in spot, non-deliverable forward and bond markets on November 15, 2024, as the rupiah approached 16,000 per dollar. The rupiah pared losses to trade near 15,897. Investors had pulled more than $1.2 billion from Indonesian markets that month.

- Date: 2024-11-15 · published 2024-11-15T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/27730-indonesia-intervenes-as-rupiah-nears-16-000-per-dollar-level-the-business-times
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Central bank intervention limits near-term currency weakness, but ongoing outflows and rate-cut doubts keep Indonesian import costs under pressure.

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/indonesia-intervenes-rupiah-nears-16000-dollar-level

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