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Bank Indonesia reported weekly rupiah indicators for 31 October to 4 November 2022, with the rupiah closing at Rp15,695 per dollar on 3 November. Foreign investors were net buyers of Rp0.9 trillion in the first week of November, while 2022 year-to-date they were net sellers of Rp176 trillion in government bonds.
Preliminary inflation for the first week of November was estimated at 0.08% month-on-month.
A stable rupiah and foreign bond inflows reduce import cost pressure for Indonesian feed makers buying soybean meal, corn and wheat priced in dollars. Rising CDS premiums signal tighter financing conditions that could raise landed feed costs.
bi.go.idBank IndonesiaNov 4, 2022Not 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.
