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Bank Indonesia governor Perry Warjiyo said the central bank will keep monitoring Fed communication and will use market operations and liquidity to stabilise the rupiah. The rupiah had weakened 0.53% point to point against the dollar as of November 17 compared with October levels.
Warjiyo said Indonesia's current account deficit remained low.
Currency stabilisation efforts limit how far the rupiah falls, which affects the local cost of imported feed ingredients. Fed policy signals remain the main driver of dollar-based feed prices for Indonesian buyers.
antaranews.comSatyagrahaNov 18, 2021Not 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.
