# Indonesia c.bank intervenes to defend rupiah, open to buying bonds | Reuters

> Bank Indonesia intervened in the foreign exchange market on October 3 to manage dollar supply and demand. The move followed market turbulence that pushed the rupiah to its weakest level since January. An official told Reuters of the intervention.

- Date: 2023-10-03 · published 2023-10-03T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/33957-indonesia-c-bank-intervenes-to-defend-rupiah-open-to-buying-bonds-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Central bank intervention can limit short-term rupiah losses but does not change the underlying pressure on Indonesian feed import costs. The effect on feed commodity prices is minor.

## Read by commodity

- USDIDR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesia-cbank-intervenes-defend-rupiah-open-buying-bonds-2023-10-03/

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