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The rupiah weakened slightly against the dollar on 23 November 2022 despite foreign investors buying Rp10 trillion of government bonds in the secondary market through 21 November. Foreign demand at a government bond auction also rose sharply, though the rupiah has fallen about Rp168 trillion in bond outflows so far this year.
Persistent rupiah weakness keeps dollar-denominated feed ingredient imports expensive for Indonesian buyers. Foreign bond inflows are a potential support if they continue, but the currency is not yet responding.
cnbcindonesia.comPutu Agus PransuamitraNov 23, 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.
