# USD/IDR Price News: Rupiah refreshes monthly high above $14,400 as Indonesia eyes fiscal deficit cut — Octa

> The rupiah rose to a monthly high above 14,400 per dollar as Indonesia's finance ministry outlined plans to cut the budget deficit to under 5% of GDP in 2022 and under 3% in 2023. A softer US dollar, with the DXY near 90.5, also supported the currency.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/47911-usd-idr-price-news-rupiah-refreshes-monthly-high-above-14-400-as-indonesia-eyes
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah lowers the local cost of dollar-priced feed imports, which supports Indonesian buyers. Fiscal consolidation could also slow economic growth and feed demand later.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/897595/

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