Rupiah Climbs Up; Trades for 16,025 per US Dollar
The Rupiah gained 57 points, closing the trade at Rp16.025 per US Dollar.
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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.
The rupiah closed weak at Rp16,187 per US dollar on Thursday.
State-owned Bank Mandiri (IDX: BMRI) reacted well to Bank Indonesia's (BI) decision to raise its benchmark interest rate.
Bank Indonesia has finally raised its benchmark interest rate to 6.25 percent.
Indonesia, Australia signed an MoU for cryptocurrency information exchange, designed to improve the detection of assets with tax liabilities.
Bank Indonesia (BI) ensures rupiah stability in anticipation of the impacts of global uncertainty.
In early Wednesday morning trade, the rupiah slipped 76 points or 0.47 percent to Rp16,252 per US dollar.
Money market observer Ariston Tjendra believes the rupiah will potentially weaken against the US dollar on the first working day after the Eid holiday
The depreciating trend of the rupiah against the US dollar persisted in the recent week.
Apindo Chairperson Shinta Kamdani urged Bank Indonesia to take steps to prevent further deterioration of the Rupiah exchange rate.
Commodity and currency observer Lukman Leong believes that the depreciation of the rupiah exchange rate will impact the increase in import prices.
There is a foolproof way to distinguish real rupiah from counterfeit one called 3D (Dilihat, Diraba, Diterawang). Check here for the details.
Indonesia's inflation rate in March 2024 was recorded at 0.52 percent month-on-month (m-o-m) or 3.05 percent year-on-year (y-o-y).
The rupiah exchange rate against the US dollar will fluctuate today.
According to the latest proposal, Hamas says it will agree on a date for a permanent ceasefire after the initial exchange of hostages and prisoners.
Government debt stood at Rp8.25 quadrillion as of Jan. 31, 2024, an increase of 38.75 percent of gross domestic income or GDP.
An economist from Indef Aviliani assesses that the government must create policies that could efficaciously control food prices.
Bank Indonesia Maintains 6 Percent Benchmark Interest Rate, Rupiah Closes Stronger
Economists said that Bank Indonesia must maintain interest rate