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 inspects vaccination for students at State Vocational High School SMKN 1 Beringin, Deli Serdang regency, Thursday (16/9). (Photo by: Presidential Secretariat/Laily Rachev)

Senin, 20 September 2021 - 13:05 WIB

President Jokowi Lauds Students’ Enthusiasm for In-Person Learning

President Joko “Jokowi” Widodo inspected COVID-19 vaccination for students at Vocational High School SMKN 1 Beringin, Deli Serdang regency, North Sumatra, Thursday (16/9).

Vice President Ma’ruf Amin (Photo: BPMI)

Senin, 20 September 2021 - 12:15 WIB

VP Calls for Public Collaboration to Combat Drugs Abuse

Vice President Ma’ruf Amin has urged the nation to join hands and participate in a joint effort to eradicate drug abuse.

President Jokowi on his inspection of door-to-door vaccination at Panampaan village, Harjamukti district, Cirebon city, Tuesday (31/08). (Photo by: BPMI/Muchlis Jr)

Senin, 20 September 2021 - 11:08 WIB

President Jokowi in Aceh to Inspect Door-to-Door COVID-19 Vaccination

President Joko “Jokowi” Widodo started his working visit in the provinces of Aceh and North Sumatra by inspecting the door-to-door COVID-19 mass-vaccination in Aceh Besar regency.

Hypertherm, a U.S. based manufacturer of industrial cutting systems and software.

Rabu, 15 September 2021 - 20:15 WIB

Hypertherm Introduces Three New Plasma Systems With Built-in Intelligence and a Revolutionary Single-Piece Cartridge Consumable

Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, today announced three new air plasma systems called Powermax SYNC™. Featuring built-in intelligence and a…

The Pacific Asia Travel Association (PATA)

Rabu, 15 September 2021 - 19:44 WIB

PATA launches Virtual PATA Wellness and Luxury Travel Conference and Mart 2021 in October

The Pacific Asia Travel Association (PATA) is pleased to announce the launch of the Virtual PATA Wellness and Luxury Travel Conference and Mart 2021, taking place from October 20-22.