# USD/IDR: Rupiah bounces from two-year lows on Bank Indonesia’s expected 50 bps hike: Analytics and Market news from 20 October 2022 07:30

> Bank Indonesia hiked its 7-day reverse repo rate by 50 bps from 4.25% to 4.75%, as widely expected. The rupiah rebounded from two-year lows near 15,587.50 per dollar, and the central bank said it will intervene in FX markets to prevent imported inflation.

- Date: 2022-10-20 · published 2022-10-20T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/39436-usd-idr-rupiah-bounces-from-two-year-lows-on-bank-indonesia-s-expected-50-bps
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rate hikes and FX intervention aim to stabilize the rupiah, but the currency's weakness keeps imported feed costs high for Indonesian buyers.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3803504

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