# Indonesian Businesses Sound Alarm Over Rupiah’s Continued Slump - Bloomberg

> Indonesian companies are voicing alarm as the rupiah has weakened about 6% in 2024, the second-worst performance in Southeast Asia. Their complaints about rising costs add to pressure on Bank Indonesia to tighten policy.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/30129-indonesian-businesses-sound-alarm-over-rupiah-s-continued-slump-bloomberg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the local-currency cost of dollar-priced feed and feed-ingredient imports for Indonesian buyers. Pressure for tighter policy could also lift domestic borrowing costs for the feed and livestock sectors.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-06-26/indonesian-businesses-sound-alarm-over-rupiah-s-continued-slump

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