Interest Rate of 7D-RR Fixed 4.25 Percent, Rupiah Rate Predicted Stronger
By : Abraham Sihombing And Aldo Bella Putra | Friday, November 17 2017 - 16:00 IWST

Bank Indonesia
INDUSTRY.co.id - Jakarta - The rupiah exchange rate against the US dollar is expected to strengthen after the Board of Governors Meeting of Bank Indonesia (RDG-BI) decided to hold the BI Rate 7-Day Reverse Repo (7D-RR) at 4.25%.
"The rupiah is currently moving mixed. The result of RDG-BI that maintains the 7D-RR interest rate is expected to be a positive sentiment that can push back the strengthening of the rupiah exchange rate," said Reza Priyambada, an analyst at PT Binaartha Sekuritas, in Jakarta on Friday (17/11/2017).
Reza said the rupiah against the US dollar is estimated to move in the range 13,553-13,522. If the rupiah exchange rate weakens, then market participants will not respond by opening up further weakening opportunities because the depreciation is only a temporary sentiment.
Nevertheless, according to Reza, rupiah's robustness to continue to strengthen seems to have to be tested again in line with the possibility of strengthening US dollar exchange rate against various major currencies of the world.
Reza said, the movement of the rupiah exchange rate during yesterday's trade is still not going according to the scenario. The reason, although closing strengthened to the level of 13,538 per US dollar, but the rupiah still looks likely to weaken. (Abraham Sihombing)
Read Also
Today's Industry

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…
News Comment