# BI perkuat stabilisasi nilai tukar rupiah untuk mitigasi kenaikan FFR - ANTARA News

> Bank Indonesia said it will strengthen rupiah stabilisation through spot and domestic non-deliverable forward market intervention to offset US Federal Reserve rate increases and a strong dollar. It also said it will expand the placement of export proceeds and issue Rupiah Securities (SRBI) to attract foreign capital. The statement followed the August monetary policy board meeting.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/34907-bi-perkuat-stabilisasi-nilai-tukar-rupiah-untuk-mitigasi-kenaikan-ffr-antara
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Heavy central bank intervention draws down reserves and signals policy support for the rupiah, which can slow depreciation that would otherwise make Indonesian exports, including palm oil, cheaper for buyers. The effect on commodity prices is modest.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- antaranews.com: https://www.antaranews.com/berita/3695058/bi-perkuat-stabilisasi-nilai-tukar-rupiah-untuk-mitigasi-kenaikan-ffr

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