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Bank Indonesia Governor Perry Warjiyo said the current exchange rate is adequate and that the central bank will keep stabilizing markets. The finance minister had shown scenarios of the rupiah averaging 17,500 to 20,000 per dollar in 2020.
The rupiah traded at 16,410 per dollar, and the central bank said it has no plan for capital controls but may ask exporters to convert earnings into rupiah.
Official intervention and possible exporter conversion rules could limit rupiah weakness, which would moderate import-cost pressure on feed. Expectations of a much weaker currency still signal continued cost risk for dollar-priced feed ingredients.
businesstimes.com.sgMar 31, 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.
