# Rupiah strengthens to below Rp 15,000 per US dollar for first time since mid-March - Business - The Jakarta Post

> The rupiah strengthened to Rp 14,881 per dollar, its strongest level since mid-March and up 2.7% on the day. Bank Indonesia held its benchmark rate at 4.5% to prioritize currency stability, and the governor said he was confident the rupiah would strengthen further.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/53939-rupiah-strengthens-to-below-rp-15-000-per-us-dollar-for-first-time-since-mid
- 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 ingredients such as soybean meal and corn, easing pressure on Indonesian feed buyers. The move also reflects reduced capital flight, which supports import demand.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2020/04/30/rupiah-strengthens-to-below-rp-15000-per-us-dollar-for-first-time-since-mid-march

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