Rupiah Monday afternoon weakened to Rp14.390

By : Herry Barus And Aldo Bella Putra | Monday, July 02 2018 - 19:50 IWST

Rupiah (Foto/Rizki Meirino)
Rupiah (Foto/Rizki Meirino)

INDUSTRY.co.id - Jakarta - The rupiah exchange rate traded between banks in Jakarta, Monday afternoon, closed down by 60 points to Rp14,390 compared to the previous position of Rp14.330 per US dollar.

Bank Mandiri Money Market Analyst Rully Arya Wisnubroto said on Monday (2/7/2018) that the depreciation of the rupiah is still dominantly influenced by external factors, especially the potential of US and Chinese trade wars.

In addition, the weakening of the Rupiah against the US dollar has not been able to lift by domestic sentiment.

"It's more global sentiment, domestic sentiment is not good," Rully said when contacted by Antara.

Central Bureau of Statistics (BPS) has just released inflation in June 2018 which was recorded at 0.59 percent. Thus, the inflation rate in the calendar year of January-June 2018 was recorded at 1.90 percent and year-on-year inflation (yoy) was 3.12 percent.

"Inflation is higher than expected," Rully said.

In the middle rate of Bank Indonesia (BI) itself on Monday, recorded Rupiah exchange rate moved up to position Rp14.331 compared to the previous position of Rp14.404 per US dollar.

Previously, at the end of last week, although the benchmark interest rate has been raised by 50 basis points or in accordance with the market's desire to dampen the weakening of the Rupiah deeper, but not much impact on the movement of Rupiah which only rose slightly.

Market participants are still looking at the development of the potential for a trade war between the US and China so that demand for safe-haven currencies is still greater. (Ant)

News Comment

Today's Industry

Mechatronic Calotte Loader mWL.cs

Sabtu, 23 Januari 2021 - 17:50 WIB

Mechatronic Systemtechnik Unveils Proprietary Calotte Loader mWL.cs

A fully automated stand-alone system for transferring wafers between cassettes and calottes, the mWL.cs provides integrated device manufacturers (IDMs) an opportunity to increase yield and improve…

Synopsys Software

Rabu, 13 Januari 2021 - 18:40 WIB

Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm

Synopsys receives highest score among 12 SAST providers in current offering category.

Electro-Balancer (E-Balancer)

Rabu, 13 Januari 2021 - 16:00 WIB

ZASCHE Handling Rolls Out New Range of Electric Balancers

the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Taylor Armerding, Software Security Expert at Synopsys Software Integrity Group (Photo by Linkedin)

Rabu, 13 Januari 2021 - 15:40 WIB

What is the Cost of Poor Software Quality in the U.S.?

And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…

Nivedita Murthy - Senior Security Consultant, at Synopsys Software Integrity Group

Jumat, 08 Januari 2021 - 17:35 WIB

DevSecOps: The good, the bad, and the ugly

DevSecOps is the practice of integrating security into every stage of the DevOps pipeline.