# Indonesia considers whether more steps needed to support rupiah | FMT

> Indonesia's finance minister said authorities are assessing whether further steps are needed to halt capital outflows that have pressured the rupiah. The rupiah traded near 15,180 per dollar, after losing nearly 2% in the week to its weakest level in over 20 years as global oil prices rose.

- Date: 2018-10-05 · published 2018-10-05T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/62837-indonesia-considers-whether-more-steps-needed-to-support-rupiah-fmt
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Possible further policy intervention may stabilize the currency, but continued rupiah weakness and high oil prices keep Indonesian import costs elevated, pressuring regional feed and vegetable oil demand.

## Read by commodity

- BRENT: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-10-03 | [Indonesian rupiah falls to record low amid rising pressures \| The Straits Times](https://feedsoft.ai/events/62836-indonesian-rupiah-falls-to-record-low-amid-rising-pressures-the-straits-times.md) | -0.2% | -11.1% |
| BRENT | 2019-09-16 | [Rupee plunges nearly 1%, RBI steps in to cut losses  - The Hindu](https://feedsoft.ai/events/57380-rupee-plunges-nearly-1-rbi-steps-in-to-cut-losses-the-hindu.md) | +6.6% | -0.3% |
| BRENT | 2023-04-03 | [USD/IDR Price News: Rupiah slips from two-month high to 15,000 on downbeat Indonesia inflation: Analytics and Market news from 3 April 2023 05:05](https://feedsoft.ai/events/36718-usd-idr-price-news-rupiah-slips-from-two-month-high-to-15-000-on-downbeat.md) | +7.4% | +1.0% |
| BRENT | 2023-10-30 | [India rupee likely to struggle despite relief for Asian peers - Markets - Business Recorder](https://feedsoft.ai/events/33909-india-rupee-likely-to-struggle-despite-relief-for-asian-peers-markets-business.md) | -4.9% | -11.5% |
| BRENT | 2018-10-05 | [Dry bulk FFA market: Capesizes find support in higher bunker prices](https://feedsoft.ai/events/62728-dry-bulk-ffa-market-capesizes-find-support-in-higher-bunker-prices.md) | -5.3% | -14.0% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2018/10/05/indonesia-considers-whether-more-steps-needed-to-support-rupiah

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