# Indonesia c.bank gives rupiah "room for appreciation" - official

> Indonesia's central bank allowed the rupiah to strengthen after its 2018 depreciation was judged too deep, according to a senior official. The currency gained 1.5% on Wednesday, November 7.

- Date: 2018-11-07 · published 2018-11-07T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/62345-indonesia-c-bank-gives-rupiah-room-for-appreciation-official
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Central bank tolerance of rupiah appreciation lowers dollar-denominated feed import costs in Indonesia, though the move is a single-day currency shift with limited direct effect on grain prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- jp.reuters.com: https://jp.reuters.com/article/indonesia-cbank-gives-rupiah-room-for-appreciation-official-idUSJ9N1V1014/

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