# Indonesia reassures citizens as rupiah weakens to 4-year low against US dollar - CNA

> 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.

- Date: 2024-04-21 · published 2024-04-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31052-indonesia-reassures-citizens-as-rupiah-weakens-to-4-year-low-against-us-dollar
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rupiah weakness raises costs for importers of raw materials, including feed ingredients, which can squeeze Indonesian feed margins.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/asia/indonesia-rupiah-us-dollar-exchange-rate-weaken-currency-impact-4277841

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