Rupiah Inches Up against US Dollar
The rupiah is gaining strength against the US dollar today, May 3. At the Jakarta Interbank Spot Dollar Rate (JISDOR) this morning, the rupiah rose 13 bps to trade for Rp13,292 per US dollar.

Samuel Sekuritas economist Rangga Cipta said on Wednesday that the US dollar receives pressure from its economic data, which fell below market expectation. The market also estimated that the Federal Reserve will not announce an interest rates hike during the Federal Open Market Committee meeting scheduled this week.

Speculations that The Fed will not raise interest rates is putting the dollar under pressure, he said.

The greenbacks depreciation allows the rupiah to push up amid prospects of rising inflation and uncertainties on whether Standard & Poors (S&P) will upgrade Indonesias credit rating.

Meanwhile, Binaartha Sekuritas analyst Reza Priyambada said the rupiah manages to appreciate over expectations that Indonesias economy has improved.

Source : Tempo.co

May 06, 2017


 
Bank note current rate:
  currency buy sell
GBP 17,750 17,975
AUD 10,525 10,675
HKD 1,646 1,701
USD 13,150 13,285
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INR 159 207
RUB 177 228
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   Last Updated :20 Sep 2017 - 04:54 PM
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