# Rupiah weakens in interbank market over recession concerns - ANTARA News

> The rupiah weakened 0.22% to close at Rp14,680 per dollar on August 11 amid concerns about an imminent Indonesian recession. The Coordinating Minister projected a 5.32% contraction in the second quarter and further negative growth in the third and fourth quarters.

- Date: 2020-08-11 · published 2020-08-11T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/51931-rupiah-weakens-in-interbank-market-over-recession-concerns-antara-news
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Weaker domestic demand and recession risk can reduce Indonesian feed and livestock demand, while a weaker rupiah raises import costs for feed ingredients. The impact on global commodity prices is limited.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- en.antaranews.com: https://en.antaranews.com/news/154018/rupiah-weakens-in-interbank-market-over-recession-concerns

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