# Indonesia tries to get companies to hold more rupiah to stem weakness

> Indonesia's central bank is trying to get companies to hold more rupiah to ease downward pressure on the currency. The rupiah hit its lowest level since late 2015 the prior week amid an emerging-market selloff and is among Asia's worst performers this year.

- Date: 2018-06-10 · published 2018-06-10T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/64840-indonesia-tries-to-get-companies-to-hold-more-rupiah-to-stem-weakness
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Efforts to support the rupiah lower the local cost of dollar-priced feed imports, though the measures are aimed at currency stability rather than feed prices.

## Read by commodity

- USDIDR: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-indonesia-markets-currency-analysis/indonesia-tries-to-get-companies-to-hold-more-rupiah-to-stem-weakness-idUSKBN1J612T/

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