# GlobalSource Partners | Has the rupiah started to rebound?

> The rupiah rebounded in November after depreciating for months, trading at Rp14,475 per dollar. Bank Indonesia raised its benchmark rate 25 basis points in mid-November ahead of the Fed, and a domestic non-deliverable forward market launched in early November. The current account deficit widened to 3.37% of GDP in Q3 2018.

- Date: 2018-11-29 · published 2018-11-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/62347-globalsource-partners-has-the-rupiah-started-to-rebound
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The rupiah's rebound eases import costs for dollar-priced feed ingredients, but the wide current account deficit leaves the currency vulnerable to renewed pressure.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- globalsourcepartners.com: https://www.globalsourcepartners.com/posts/indonesia-rupiah-starts-rebounding/teaser

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