Rupiah Wednesday Morning Weakened to Rp13.892

By : Herry Barus And Aldo Bella Putra | Wednesday, April 25 2018 - 14:00 IWST

Mata uang Rupiah (Foto Ist)
Mata uang Rupiah (Foto Ist)

INDUSTRY.co.id - Jakarta - The rupiah exchange rate interbank in Jakarta on Wednesday morning moved down by 18 points to Rp13,892 compared to the previous position of Rp13,874 per US dollar.

Binaartha Securities analyst Reza Priyambada in Jakarta, Wednesday (25/4/2018) said that the US dollar again appreciated against a number of world currencies, including the rupiah following the increase in US bond yields.

"The yield on US bonds is rising as expectations for Fed rate increases," Reza Priyambada told media crew.

Nevertheless, he continued, the rupiah fluctuation is still relatively maintained following the steps of Bank Indonesia to intervene to prevent further weakening of the exchange rate.

"Hopefully, the conducive national economic fundamentals can be used as a momentum for the market to re-accumulate rupiah-based assets," he said.

Meanwhile, economist Samuel Asset Management Lana Soelistianingsih said market participants are beginning to consider the possibility of the US Fed or the Fed raising interest rates two to three more this year, from the current position of 1.5-1.75 percent .

"Rising US bond yields are feared to make the Fed raise interest rates at the FOMC meeting on May 1-2," he said.

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…