At Monday Rupiah Weakened to Rp13.399

By : Herry Barus And Aldo Bella Putra | Monday, July 16 2018 - 17:30 IWST

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

INDUSTRY.co.id - Jakarta - The rupiah exchange rate traded in Jakarta on Monday morning (16/7/2018) moved down 21 points to Rp14,399 compared to the previous position of Rp14.378 per US dollar.

"The weakness at the start is as the impact of the US dollar appreciation and the weakening of the euro," said CSA Research Institute senior analyst Reza Priyambada in Jakarta on Monday.

Last weekend's rupiah movement had weakened before finally able to move back positive.

Rupiah was weakening at the beginning because of the weakening euro and also rising inflation that triggered the perceived increase in interest rates of the Fed.

On the other hand, although Bank Indonesia asked banks to withhold interest rate increases, Bank Indonesia also projected a trade balance surplus in June 2018, making it quite positively responded.

Reza said, the movement of rupiah that began to appreciate is expected to re-occur as there is still a positive sentiment from within the country and can compensate for global sentiment.

"However, still depreciating other currencies against the US dollar should be wary of the impact on the rupiah," said Reza.

Rupiah on Monday is expected to move in the range of Rp14.379 to R14.368 per US dollar.

Similar to the rupiah, the Jakarta Composite Index (IDX) opened lower by 2.16 points or 0.04 percent to 5,941.91.

While the group of 45 leading stocks or LQ45 moved down 0.55 points (0.06 percent) to 937.17. (Ant)

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…