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Indonesian financial markets remain thin for foreign exchange trading, prompting Bank Indonesia to issue a new instrument called Sekuritas Rupiah Bank Indonesia (SRBI). The aim is to attract foreign capital, which increases demand for dollars in the country.
Heavy dollar demand and rupiah pressure raise the cost of imported feed ingredients priced in dollars. The impact depends on how much foreign capital SRBI draws.
cnbcindonesia.comArrijal RachmanAug 28, 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.
