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The rupiah held relatively steady on September 28 at about Rp 14,895 per dollar after Bank Indonesia's 25 basis point hike to 5.75%. Market analysts said the central bank move and government policies helped cushion the currency against the Federal Reserve's rate increase.
A stable rupiah after the rate hike limits short-term import cost swings for Indonesian feed buyers, though analysts warn further Fed hikes and US-China trade tensions remain a drag on emerging-market currencies.
antaranews.comZubi MahrofiSep 28, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
