# Bank Indonesia blames external factors for rupiah depreciation - Business - The Jakarta Post

> Bank Indonesia Governor Perry Warjiyo blamed external factors for the rupiah falling to Rp14,315 per dollar, citing stronger US manufacturing data, euro weakness on ECB stimulus hints, higher oil prices from US sanctions on Venezuela, and geopolitical risk. Domestic indicators such as foreign inflows were described as sound.

- Date: 2019-03-08 · published 2019-03-08T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/60402-bank-indonesia-blames-external-factors-for-rupiah-depreciation-business-the
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rupiah raises Indonesia's cost of imported feed ingredients and fuel, and the higher oil prices cited add to feed production and freight costs.

## Read by commodity

- WTI: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-04-17 | [Haddad blames external factors for weakened real](https://feedsoft.ai/events/11279-haddad-blames-external-factors-for-weakened-real.md) | -2.3% | -7.9% |
| WTI | 2021-07-01 | [USD/INR: Rupee Extends Losses; Further Depreciation Likely](https://feedsoft.ai/events/46348-usd-inr-rupee-extends-losses-further-depreciation-likely.md) | -0.7% | +0.2% |
| WTI | 2017-03-16 | [Fed's cautious tone a reprieve for rate-sensitive sectors, commodities - The Business Times](https://feedsoft.ai/events/71923-fed-s-cautious-tone-a-reprieve-for-rate-sensitive-sectors-commodities-the.md) | -2.0% | +9.5% |
| WTI | 2018-08-31 | [Rupee plunges to historic low of 71  \| Business News - The Indian Express](https://feedsoft.ai/events/63796-rupee-plunges-to-historic-low-of-71-business-news-the-indian-express.md) | -3.6% | +4.2% |
| WTI | 2023-01-03 | [How Consumers and Businesses are Reacting to Food Price Inflation - Euromonitor.com](https://feedsoft.ai/events/12190-how-consumers-and-businesses-are-reacting-to-food-price-inflation-euromonitor.md) | -6.9% | -1.6% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2019/03/08/bank-indonesia-blames-external-factors-for-rupiah-depreciation

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