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Bank Indonesia intervened in spot and domestic non-deliverable forward markets to curb volatility after the rupiah fell 0.8% to 15,325 per dollar, its weakest level since March. A central bank official said the aim was to ensure a balance of supply and demand.
The intervention came on a Monday.
Intervention to defend the rupiah signals pressure on Indonesia's currency, which raises the local cost of dollar-priced grain and meal imports. The move is mainly a currency-market development with limited direct effect on feed prices.
bangkokpost.comReutersAug 14, 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.
