# Indonesia c.bank to continue intervention to stabilise rupiah

> The rupiah recovered some losses on June 5, trading at 16,265 per US dollar after touching a four-year low of 16,290. Bank Indonesia said it will keep intervening to stabilize the currency and reiterated a projected trading range of 15,700 to 16,100.

- Date: 2024-06-05 · published 2024-06-05T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/30134-indonesia-c-bank-to-continue-intervention-to-stabilise-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Central bank intervention can limit further depreciation and so ease import cost pressure for Indonesian feed buyers. The stated target range gives buyers a reference for planning dollar-denominated purchases.

## Read by commodity

- USDIDR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indonesia-cbank-continue-intervention-stabilise-rupiah-2024-06-05/

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