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Bank Syariah Indonesia analyst Kahfi Riza says the rupiah, trading around Rp 15,520 per dollar on September 27, could rebound toward Rp 15,200-15,400. He cites Bank Indonesia's FX intervention, liquidity tools such as SRBI, and export proceeds rules as support.
A weaker rupiah raises the local-currency cost of imported feed ingredients for Indonesian buyers, so a recovery would ease that cost pressure.
cnbcindonesia.comCNBC Indonesia TVSep 30, 2023Not 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.
