# Rupiah Rises: New Indonesian Law Boosts Asia’s Worst-Performing Currency - Bloomberg

> The rupiah rose about 1% against the dollar after Indonesia approved its first omnibus investment law, aimed at cutting red tape and creating jobs. The currency had lost 4.1% in the September quarter amid concerns over central bank independence and debt monetization.

- Date: 2020-10-11 · published 2020-10-11T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/50938-rupiah-rises-new-indonesian-law-boosts-asia-s-worst-performing-currency
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah lowers the local-currency cost of imported feed inputs for Indonesian buyers, though the gain is viewed as a structural, longer-term reform rather than an immediate shift.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-10-11/new-indonesian-law-is-boosting-asia-s-worst-performing-currency
- straitstimes.com: https://www.straitstimes.com/business/economy/new-indonesian-law-boosting-asias-worst-performing-currency

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