# Rupiah Exchange Rate News: Bank Indonesia's Intervention in Markets | Indonesia Investments

> Bank Indonesia Deputy Governor Sugeng confirmed the central bank has been intervening in the foreign exchange market to limit sharp rupiah appreciation. The rupiah has gained about 1.11 percent against the dollar so far in 2017, trading near IDR 13,319 per dollar.

- Date: 2017-05-08 · published 2017-05-08T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/71308-rupiah-exchange-rate-news-bank-indonesia-s-intervention-in-markets-indonesia
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A strong rupiah would weigh on Indonesian export competitiveness, and intervention signals policy makers want to cap currency gains; this has little direct effect on feed commodity prices.

## Read by commodity

- USDIDR: neutral

## Sources

- indonesia-investments.com: https://www.indonesia-investments.com/news/todays-headlines/rupiah-exchange-rate-news-bank-indonesia-s-intervention-in-markets/item7801

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