# Indonesia central bank intervenes to stabilise rupiah - Business & Finance - Business Recorder

> Bank Indonesia intervened in the spot foreign exchange and domestic non-deliverable forward markets on June 12 to support the rupiah. The rupiah had fallen 1.23% to 14,122 per dollar as US equities dropped on fears of a second wave of coronavirus infections. Indonesian stocks fell 0.5% and bond yields rose.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/52932-indonesia-central-bank-intervenes-to-stabilise-rupiah-business-and-finance
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the local-currency cost of imported feed ingredients and can lift domestic feed prices. The effect on global feed commodity prices is limited.

## Sources

- brecorder.com: https://www.brecorder.com/news/1003824

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