# Indonesia Central Bank Enters FX Market to Balance Supply and Demand Amid Rupiah Fall

> Bank Indonesia entered the foreign exchange market on October 3 to balance supply and demand after the rupiah fell about 0.8% to its weakest since September 16. The move followed Middle East geopolitical tension and shifting expectations for the size of Federal Reserve rate cuts.

- Date: 2024-10-03 · published 2024-10-03T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/28176-indonesia-central-bank-enters-fx-market-to-balance-supply-and-demand-amid
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency intervention signals rupiah pressure that raises the local cost of dollar-denominated feed imports, though the market impact on grain prices is limited.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/indonesia-central-bank-enters-fx-market-to-balance-supply-and-demand-amid-rupiah-fall

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