# USD/IDR: Rupiah to enjoy gains supported by its resilient current account balance – MUFG: Analytics and Market news from 6 April 2023 06:24

> Economists at MUFG Bank said the rupiah gained against the dollar in March, supported by a resilient current account. They forecast USD/IDR at 15,000 by the end of the second quarter and 14,400 by early 2024, and expect portfolio inflows as Bank Indonesia holds policy steady.

- Date: 2023-04-06 · published 2023-04-06T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/36720-usd-idr-rupiah-to-enjoy-gains-supported-by-its-resilient-current-account
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A stable current account and expected portfolio inflows support the rupiah, lowering the local cost of imported feed ingredients. The forecast implies gradual rupiah appreciation, though it depends on commodity prices holding up.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3853839

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