# Rupiah Tembus Rp14.100, Bank Indonesia Serap Triliunan Surat Utang

> On Friday, February 28, 2020, the rupiah weakened 0.73% to 14,127 per US dollar, its lowest level since October 18, 2019. Bank Indonesia intervened by buying government bonds worth Rp2 trillion (about US$141 million) and by adding dollar supply. The moves followed investor selling of currency, stocks and bonds over coronavirus concerns.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/54905-rupiah-tembus-rp14-100-bank-indonesia-serap-triliunan-surat-utang
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the local cost of imported feed inputs such as soymeal and corn, and of imported ingredients used in Indonesian feed mills. Central bank intervention may limit the move but does not remove the pressure.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- market.bisnis.com: https://market.bisnis.com/read/20200228/93/1206983/rupiah-tembus-rp14.100-bank-indonesia-serap-triliunan-surat-utang

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