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Foreign investors pulled capital from Indonesia in May 2019 as the US-China trade dispute escalated, with about Rp 18.12 trillion exiting this month. Bank Indonesia reported total foreign inflows of Rp 112.98 trillion at month-end, down from Rp 131.1 trillion at the start of the month.
The central bank pledged intervention to stabilize the currency.
Capital outflows from Indonesia weaken the rupiah and raise dollar-denominated feed import costs, while the central bank's intervention may limit the currency's decline.
theinsiderstories.comDesk Editor InsiderMay 31, 2019Not 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.
