# Rupiah falls to 16-month low as investors dump risky assets - Business - The Jakarta Post

> The rupiah fell 2.05% to 14,820 per US dollar on Friday, its weakest level since November 2018, as investors sold risky assets amid a global market rout. The currency had lost about 4% that week, among the worst performers in the region. Foreign investors sold Indonesian shares and the 10-year government bond yield jumped sharply.

- Date: 2020-03-13 · published 2020-03-13T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/54440-rupiah-falls-to-16-month-low-as-investors-dump-risky-assets-business-the
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A sharp rupiah sell-off lifts the local-currency cost of dollar-priced feed ingredients for Indonesian buyers. The broad risk-off move also signals stronger dollar demand across emerging markets.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2020/03/13/rupiah-falls-to-16-month-low-as-investors-dump-risky-assets

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