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The Indef think tank attributes rupiah depreciation to a liquidity drought in Indonesia. About 90% of export dollar receipts are used for imports, and US-dollar capital inflows fell roughly 54% in January to May 2018 compared with a year earlier.
The comments came at a mid-year economic seminar in Jakarta.
Persistent dollar scarcity keeps the rupiah under pressure, which raises the dollar cost of feed imports for Indonesian buyers. The analysis points to structural import dependence rather than a short-term market move.
investor.idGora KunjanaJul 31, 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.
