# BI sees rupiah strengthening to pre-pandemic level as it intervenes in market - Business - The Jakarta Post

> Bank Indonesia injected an additional Rp 167.6 trillion this month to stabilize liquidity and the currency. Governor Perry Warjiyo said the rupiah, which was at its weakest since 1998 in March, is undervalued and could strengthen to Rp 13,600-13,800 per dollar. The rupiah traded at 14,690 per dollar.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/53431-bi-sees-rupiah-strengthening-to-pre-pandemic-level-as-it-intervenes-in-market
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expected rupiah appreciation would make dollar-priced feed imports cheaper for Indonesian buyers, though the forecast is a central bank view rather than a confirmed move. The story has little direct effect on global grain or meal prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2020/05/29/bi-sees-rupiah-strengthening-to-pre-pandemic-level-as-it-intervenes-in-market

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