Loading…
Indonesia's foreign exchange reserves fell by about $9 billion in March to roughly $121 billion, the largest monthly drop since 2011. Bank Indonesia stepped up intervention to defend the rupiah, which lost 14% in March as investors sold riskier assets.
Heavy reserve use to defend the currency signals capital outflows that pressure the rupiah and raise import costs for feed. Continued intervention limits how far the currency can strengthen.
english.kontan.co.idYudho WinartoApr 2, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
