# Confidence in Indonesian economy strengthens rupiah: BI - ANTARA News

> Bank Indonesia Governor Perry Warjiyo said rising confidence in the economy and foreign capital inflows into state securities and shares helped the rupiah strengthen, trading near Rp14,300 per dollar. Foreign investors put Rp34.25 trillion into state securities in November 2018 and Rp12.2 trillion into stocks.

- Date: 2018-11-30 · published 2018-11-30T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/62342-confidence-in-indonesian-economy-strengthens-rupiah-bi-antara-news
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah lowers the local-currency cost of dollar-priced feed ingredients imported by Indonesia, such as soybean meal, which can ease feed cost pressure for domestic buyers.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- en.antaranews.com: https://en.antaranews.com/news/120953/confidence-in-indonesian-economy-strengthens-rupiah-bi

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