# Indonesia central bank says ready for market intervention to stabilise rupiah - Markets - Business Recorder

> Bank Indonesia said it is ready to intervene in spot, domestic NDF and bond markets to keep the rupiah steady. The rupiah traded at 14,300 per dollar, down 0.3% on the day and more than 1% over the prior week after US Treasury yields rose.

- Date: 2021-03-05 · published 2021-03-05T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/48411-indonesia-central-bank-says-ready-for-market-intervention-to-stabilise-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising US yields and currency pressure raise the dollar cost of imported feed for Indonesian buyers, though central bank intervention is expected to cap the decline.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-26 | [Indonesia central bank remains in foreign-exchange market to prevent excessive rupiah fall, official says](https://feedsoft.ai/events/39901-indonesia-central-bank-remains-in-foreign-exchange-market-to-prevent-excessive.md) | +0.2% | +0.6% |
| DXY | 2024-04-30 | [Indian rupee counts on support from central bank before Fed policy decision - Markets - Business Recorder](https://feedsoft.ai/events/31008-indian-rupee-counts-on-support-from-central-bank-before-fed-policy-decision.md) | -0.5% | -0.9% |
| DXY | 2022-09-26 | [Indian rupee at record low, with central bank likely helping cap slide - Markets - Business Recorder](https://feedsoft.ai/events/39851-indian-rupee-at-record-low-with-central-bank-likely-helping-cap-slide-markets.md) | +0.2% | +0.6% |
| DXY | 2024-04-26 | [Indian rupee to see muted reaction to US inflation flare-up - Markets - Business Recorder](https://feedsoft.ai/events/31014-indian-rupee-to-see-muted-reaction-to-us-inflation-flare-up-markets-business.md) | -0.3% | -0.9% |
| DXY | 2022-09-23 | [Yen propped up after intervention, dollar powers through - Markets - Business Recorder](https://feedsoft.ai/events/39812-yen-propped-up-after-intervention-dollar-powers-through-markets-business.md) | +1.1% | +1.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40070600

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