# Indonesian Trade Minister Enggartiasto Lukita on rupiah, deficits

> Indonesia's trade minister said the rupiah should stabilize after it hit its weakest level since October 2015, with the dollar buying about 14,640 rupiah. He attributed the currency pressure to Fed rate hikes and US policy, and said authorities would keep using monetary and fiscal tools to defend the currency.

- Date: 2018-08-29 · published 2018-08-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/63839-indonesian-trade-minister-enggartiasto-lukita-on-rupiah-deficits
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The official expectation of stabilization points to a possible easing of import cost pressure for Indonesian feed buyers, though the outcome depends on continued capital flows and policy support.

## Read by commodity

- USDIDR: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2018/08/29/indonesian-trade-ministerenggartiasto-lukita-on-rupiah-deficits.html

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