Rupiah Wednesday Morning Weakened to Rp14.393

By : Herry Barus And Aldo Bella Putra | Wednesday, July 11 2018 - 16:00 IWST

Rupiah (Foto Dok Industry.co.id)
Rupiah (Foto Dok Industry.co.id)

INDUSTRY.co.id - Jakarta- The exchange rate of rupiah traded interbank in Jakarta on Wednesday morning (11/7/2018) moved down 26 points to Rp14,393 compared to the previous position of Rp14.367 per US dollar.

CSA Research Institute senior analyst Reza Priyambada in Jakarta said the Rupiah movement was again tested for its resilience to be able to reverse the upward trend.

"The rupiah is still vulnerable to the potential for further hikes so we need to pay close attention to various sentiments, especially the movement of global currencies against USD," said Reza.

Earlier, the weaker pound sterling along with the internal conditions of the disrupted British administration with the release of two important officials linked to Brexit, used the US dollar to strengthen.

The impact of the rupiah was affected by the weakening where the Rupiah's rate failed to continue its rise.

The appeal from one of the research institutes related to the weakening of the rupiah stating the need to increase export efforts to stabilize the rupiah currency to government measures that are identifying a number of sectors affected by the US-China trade war, seems not strong enough to defend the rupiah in the green zone.

"The rupiah is expected to move in the range 14,363-14,343," Reza said.

In line with the rupiah, the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange (BEI) on Wednesday opened down by 38.77 points or 0.66 percent to 5,842.99.

While the group of 45 leading stocks or LQ45 moved down 9.82 points (1.06 percent) to 919.23.

News Comment

Today's Industry

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

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…

SUNeVision Initiates MEGA IDC Phase Two Development

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…

 PT Metrodata Electronics Tbk (“MTDL”)

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…

Wireless Logic

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…

Microvista Expands International Presence with Mobile CT System ScanExpress

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…