# Analysts Call Rupiah Stability Maintained Supported By BI Pro Market Instruments

> Bank Mandiri analyst Reny Eka Putri said the rupiah remained stable, supported by Bank Indonesia's new market instruments, including the foreign-currency securities SVBI and the SUVBI sukuk. The SVBI raised $236.5 million against a $200 million target, and the SRBI auction reached IDR 168.81 trillion as of Nov 21. Analysts expect the Fed to raise rates again before the end of 2023, which could still affect the rupiah.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/33493-analysts-call-rupiah-stability-maintained-supported-by-bi-pro-market-instruments
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Stable currency conditions keep Indonesian import costs for feed ingredients predictable. The story describes existing policy with no new price driver for feed commodities.

## Read by commodity

- USDIDR: neutral

## Sources

- voi.id: https://voi.id/en/economy/333624

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