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The rupiah fell 0.23% to Rp 15,520 per US dollar on September 27, pushing the dollar past Rp 15,500. Analysts attributed the move to the Fed's hawkish hold and safe-haven demand for the dollar amid European uncertainty.
A weaker rupiah increases the cost of imported feed raw materials for Indonesian compounders, which can raise domestic feed prices.
cnbcindonesia.comCNBC Indonesia TVSep 27, 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.
