# Indonesian rupiah gains as c.bank keeps rates unchanged | Financial Post

> The rupiah gained about 0.5% after Bank Indonesia kept its benchmark rate at 4.0%, as widely expected, following four cuts this year. The currency remains down about 6% against the dollar in 2020, the weakest in the region.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/51928-indonesian-rupiah-gains-as-c-bank-keeps-rates-unchanged-financial-post
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A stable policy rate supports the rupiah, which lowers the local cost of imported feed ingredients for Indonesian buyers. The effect on global grain and oilseed prices is minimal.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/indonesian-rupiah-gains-as-c-bank-keeps-rates-unchanged

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