# Indonesian Rupiah: Downside extends if BI stays firm – OCBC — Octa

> OCBC analyst Christopher Wong says recent surprise rate hikes and FX measures by Bank Indonesia have restored some confidence in the rupiah. He sees USD/IDR extending lower if the central bank keeps a firm tone and external pressures ease. Spot was last quoted near 17,703 per dollar.

- Date: 2017-01-01 · published 2017-01-01T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/73294-indonesian-rupiah-downside-extends-if-bi-stays-firm-ocbc-octa
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rupiah direction depends on Bank Indonesia policy and the Fed, which affects the cost of dollar-priced feed imports for Indonesia. The outlook is a currency view rather than a direct supply or demand change for feed ingredients.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1227058/

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