The Rupiah Exchange Rate Today Moves to Range 13,546-13,326
By : Abraham Sihombing And Aldo Bella Putra | Wednesday, October 25 2017 - 18:00 IWST

Mata uang Rupiah (Foto Ist)
INDUSTRY.co.id - Jakarta - The rupiah exchange rate against the US dollar (US) on Wednesday trading (25/10/2017) is expected to move in the range of Rp13.546-13.326 per dollar. That happened after the rupiah in yesterday's trade strengthened to the level of Rp13.529 per dollar.
"The rupiah exchange rate today is likely to weaken slightly and test the support level of Rp13.546 per dollar," said Reza Priyambada, an analyst at PT Binaartha Sekuritas, in Jakarta, Wednesday (25/10/2017).
Reza argued, the strengthening of the rupiah exchange rate yesterday just happened for a moment and must be re-tested to find out its continuation. Therefore, positive sentiment from the domestic market is expected to support the rupiah to remain appreciated.
However, Reza hopes that the weakening rupiah exchange rate that occurs today can be more limited so that market participants remain wary of sentiment that can re-hold the potential strengthening of the rupiah exchange rate. (Abraham Sihombing)
Read Also
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
The Importance Of Cashflow Considerations In The Supply Chain
Fully Supported by KB Financial Group- South Korea, Bank Bukopin…
Index Launch: Remittances Play a Powerful Role in Consumers’ Financial…
Today's Industry

Selasa, 26 September 2023 - 07:45 WIB
ESSA Secures Gas Contract Extension for LPG Refinery
PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…

Selasa, 26 September 2023 - 06:45 WIB
ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper Production
PT Alkindo Naratama Tbk (ALDO), a listed company engaged in the integrated paper and chemical business, plans to inject additional working capital of around IDR 40 billion into its subsidiary…

Sabtu, 23 September 2023 - 11:33 WIB
Growing Above Industrial Average, CLEO Strives for Innovation
Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…
News Comment