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The rupiah reached 14,200 per dollar on June 28 and the central bank's JISDOR rate was 14,271, its weakest since October 2015. Finance Minister Sri Mulyani called the depreciation a normal adjustment in line with global trends and said room for a rate hike was open.
A weaker rupiah raises the local cost of dollar-priced feed ingredients, and officials signaling further rate hikes may limit further depreciation.
cnbcindonesia.comChandra Gian AsmaraJun 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.
