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The rupiah rose 40 points to 13,499 per US dollar in Jakarta trading on Friday morning. Investors responded positively to Bank Indonesia holding its reference rate at 4.25 percent and to uncertainty over US tax reform, which encouraged buying of emerging-market assets.
A firmer rupiah lowers the local cost of imported feed ingredients, modestly easing input costs for Indonesian feed producers.
antaranews.comZubi MahrofiNov 17, 2017Not 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.
