# Bangkok Post - Indonesia c.bank intervenes in currency markets

> 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.

- Date: 2023-08-14 · published 2023-08-14T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/34908-bangkok-post-indonesia-c-bank-intervenes-in-currency-markets
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

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.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2629277/indonesia-c-bank-intervenes-in-currency-markets

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