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The rupiah fell to 16,200 per dollar, its weakest level in four years, after markets reopened following Idul Fitri holidays. Bank Indonesia intervened to support the currency, and officials sought to reassure the public.
Rupiah weakness raises costs for importers of raw materials, including feed ingredients, which can squeeze Indonesian feed margins.
channelnewsasia.comKiki SiregarApr 21, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
