Rupiah Tuesday Afternoon Strengthens to Rp. 14,566

By : Herry Barus And Aldo Bella Putra | Wednesday, August 22 2018 - 16:30 IWST

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

INDUSTRY.co.id - Jakarta - The rupiah exchange rate transacted between banks in Jakarta on Tuesday afternoon (08/21/2018), moved up by 22 points to the level of Rp. 14,566 compared to the previous Rp. 14,588 per US dollar.

Senior CSA Research Institute Reza Analyst Reza Priyambada in Jakarta, Tuesday (08/21/2018) said that the rupiah exchange rate appreciated along with rising domestic bond demand after US bond yields tended to decline.

"The buying action of market players against domestic bonds has a positive impact on the fluctuations in the rupiah," he said.

He added that by utilizing global sentiment where market participants also began to diminish their concerns about the recession in Turkey and the planned meeting of US and Chinese officials also helped maintain financial markets in developing countries.

Meanwhile, Analyst Monex Investindo Futures Ariston Tjendra as reported by Antara said the US dollar tends to weaken in global markets after US President Donald Trump said he did not agree with the decision of the Fed to raise interest rates. "The Fed will hold a meeting by considering various matters concerning its interest rate policy. The market widely expects a rate hike in September," he said.

Meanwhile, Bank Indonesia's middle rate on Tuesday recorded the rupiah strengthening to Rp. 14,568 compared to the previous position of Rp. 14,578 per US dollar.

News Comment

Today's Industry

President Jokowi inaugurates 17 Indonesian Ambassadors Extraordinary and Plenipotentiary at the State Palace in Jakarta (25/10/2021). (Source: YouTube Channel of Presidential Secretariat)

Senin, 25 Oktober 2021 - 20:40 WIB

President Jokowi Inaugurates 17 New Ambassadors

President Joko “Jokowi” Widodo Monday (25/10/2021) at the State Palace, Jakarta, inaugurated 17 Ambassadors Extraordinary and Plenipotentiary (LBBP) of the Republic of Indonesia to Friendly…

President Jokowi receives Letters of Credence from four new Ambassadors of friendly countries, at the Merdeka Palace, Jakarta Province, in September. (Photo by: Presidential Secretariat/Lukas)

Senin, 25 Oktober 2021 - 18:50 WIB

President Jokowi Receives Letters of Credence from Nine New Ambassadors

President Joko “Jokowi” Widodo, on Monday (25/10), received Letters of Credence from nine new Ambassadors Extraordinary and Plenipotentiary (LBPP) of Friendly Countries to the Republic of…

Widodo Sucipto, President Director of PT Hydrotech Metal Indonesia.

Selasa, 19 Oktober 2021 - 15:47 WIB

Hydrotech Metal are Getting Closer to Canada Securities Exchange

PT Hydrotech Metal Indonesia are getting closer to Canada Securities Exchange, after the signing of Share Exchange Agreement with a Canadian company recently. The signing was done virtually…

Vice President Ma’ruf Amin and his spouse Ibu Wury head to Ambon for a working visit, Wednesday (13/10). (Photo by: Vice Presidential Secretariat)

Jumat, 15 Oktober 2021 - 22:10 WIB

VP Ma’ruf Amin to Close 20th PON in Papua

Vice President Ma’ruf Amin, on Friday (15/10), is scheduled to close the 20th National Sports Week (PON) in Papua at the Lukas Enembe Stadium, Jayapura regency. The Vice President, his spouse…

President Joko Widodo and Cabinet Secretary Pramono Anung at Kompas Bajo, Puncak Waringin, Thursday (14/10) afternoon. (Photo by: BPMI/Laily Rachev)

Jumat, 15 Oktober 2021 - 21:32 WIB

President Jokowi Visits Kompas Bajo Creative Hub

Ending his working visit in East Nusa Tenggara Province, President Joko “Jokowi” Widodo and First Lady Ibu Iriana on Thursday (14/10) afternoon took a walk to Kompas Bajo which is located…