# USD/IDR Price News: Indonesian rupiah resilient amid risk-off mood, but no time to go long – Goldman Sachs — Octa

> Goldman Sachs said the rupiah has outperformed regional peers despite risk-off sentiment, partly because foreign bond positioning is low at 23%. It also cut its 2021 Indonesian growth forecast to 3.4%, citing stricter Delta-related restrictions in Java and Bali, and advised against going long.

- Date: 2021-07-26 · published 2021-07-26T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/46389-usd-idr-price-news-indonesian-rupiah-resilient-amid-risk-off-mood-but-no-time
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Tighter mobility restrictions in Java and Bali weaken domestic feed and livestock demand, and the currency outlook affects the local cost of imported feed ingredients.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/914622/

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