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

Oil Palm (agroindonesia)

Senin, 16 Juli 2018 - 21:41 WIB

Sign MoU, RI-India Palm Oil Industry Agreed on Sustainable Development

Monday (16/7/2018) has signed Memorandum of Understanding (MoU) between Indonesian Palm Oil Board (DMSI), India Solvent Extractors Association (SEA), and Solidaridad Network Asia Limited (SNAL)…

Irfan Bachdim officially become Brand Ambassador Super Moto Car (Photo: Ridwan / Industry.co.id)

Senin, 16 Juli 2018 - 21:39 WIB

Mobil Lubricants Launches Latest Product For Two Wheel Vehicles

Mobil Lubricants launches the latest high-performance oil products for two-wheeled vehicles, Super Moto Cars formulated using the latest oil technology that uses a unique blend of high-quality…

Illustration of Export (ist)

Senin, 16 Juli 2018 - 21:38 WIB

Indef Estimates Trade Balance June 2018 Surplus Up to US $ 600 Million

Institute for Development of Economics and Finance (Indef) estimates the trade balance in June 2018 to surplus US $ 400 million - US $ 600 million Surplus is expected to occur due to long holiday…

Wika Beton

Senin, 16 Juli 2018 - 21:36 WIB

Until June 2018, Wika Beton Records Total Contracts Reach Rp8, 45 Trillion

PT Wika Beton Tbk recorded total contracts to be handled (carry over) in the first six months of this year has reached Rp8, 45 trillion.

Airbus A320-200 AirAsia Indonesia Berlogo Wonderful Indonesia and with Indonesia Tourism Destination Pattern (Photo: Chodijah Febriyani / Industry.co.id)

Senin, 16 Juli 2018 - 21:34 WIB

Air Asia Purchases Airbus Plane Rp 330.7 Trillion

Airbus SE is reportedly approaching an aircraft sales agreement worth US $ 23 billion or equivalent to Rp 330.74 trillion to AirAsia Group. The Malaysian airline has been the second largest…