Rupiah Closes Stronger at Rp16,260 per US Dollar Today
Rupiah closed stronger by 40 points against the US dollar today.
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Rupiah closed stronger by 40 points against the US dollar today.
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Bank Indonesia Governor Perry Warjiyo said that the rupiah exchange rate volatility indicator was still observed below the target of 5.5 percent ytd.
The rupiah exchange rate against the U.S. dollar continues to weaken.
The rupiah is expected to depreciate further against the US dollar today, June 24, according to Laba Forexindo Berjangka director Ibrahim Assuaibi.
The rupiah is expected to depreciate further against the US dollar today, June 24, according to Laba Forexindo Berjangka director Ibrahim Assuaibi.
Jokowi gathered members of the Financial System Stability Committee (KSSK) to the Presidential Palace on Thursday afternoon.
Trade Minister Zulkifli Hasan has proposed an increase in the highest retail price (HET) of government-subsidized packaged cooking oil, Minyakita.
Economist predicted that the Rupiah exchange rate will fall to Rp16,400 to Rp16,470 per US Dollar.
The rupiah closed stronger 0.42 percent on Friday at Rp16,196 against the US dollar.
Bank Indonesia (BI) is confident that the rupiah exchange rate against the US dollar will soon steer away from the Rp16,000 mark
The US Dollar Index continues to showed its strength, weakening the Rupiah exchange rate at the end of trading on Thursday, May 30.
The appreciation of the US dollar is taking its toll on the rupiah, causing it to plunge to 16,071 per USD.
The Rupiah gained 57 points, closing the trade at Rp16.025 per US Dollar.
Finance Minister Sri Mulyani Indrawati said the rupiah exchange rate depreciated by 2.89 percent year-to-date (ytd) in the first quarter of this year.
Currencies reflect the stability of a country's economy and the attractiveness of its international markets.