# USD/IDR: Rupiah in multi-day lows near 14,180 on Bank Indonesia’s surprise rate cut — Octa

> Bank Indonesia unexpectedly cut its 7-day reverse repo rate by 25 basis points to 3.75% from 4.0% at its November meeting, citing low inflation and support for economic recovery. The rupiah traded in multi-day lows near 14,180 per US dollar after the decision.

- Date: 2020-11-19 · published 2020-11-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/50447-usd-idr-rupiah-in-multi-day-lows-near-14-180-on-bank-indonesia-s-surprise-rate
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A surprise rate cut lowers yields on rupiah assets and weakens the currency, which raises the cost of imported feed ingredients priced in dollars for Indonesian buyers.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/864272/

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