# Rupiah menguat tersokong kenaikan peringkat utang Indonesia

> Indonesia's rupiah strengthened 0.98% to 14,269 per US dollar on May 31, 2019, after S&P raised the country's sovereign rating to BBB from BBB-. The Jakarta Composite Index rose 1.72% that day. Analysts expect continued support next week, though the domestic market closes for the Lebaran holiday.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/59368-rupiah-menguat-tersokong-kenaikan-peringkat-utang-indonesia
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A sovereign upgrade lifts foreign portfolio appetite for Indonesian assets and firms the rupiah, which lowers the local-currency cost of imported feed ingredients such as soymeal and corn-based inputs.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- investasi.kontan.co.id: https://investasi.kontan.co.id/news/rupiah-menguat-tersokong-kenaikan-peringkat-utang-indonesia

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