Jakarta Terrorist Attack Wont Hurt Rupiah: Central Bank Governor
The suicide bombing in Jakartas Kampung Melayu on Wednesday night (24/05) is not expected to hurt the stability of the rupiah, Bank Indonesia governor said on Friday.

The rupiah weakened 0.09 percent to 13,294 against the dollar on Friday, according to Bloombergs spot exchange rate. The weaker dollar against other currencies helped to offset negative sentiments following the attack.

We see the currency is stable. Indonesias economic aspects have been able to separate [themselves] from the political ones, Bank Indonesia governor Agus Martowardojo said, as quoted by Antaranews.com.

The weak US dollar was quite helpful amid unfavorable domestic sentiments that range from the political and security issues to rising inflation in May said Rangga Cipta, a Samuel Sekuritas analyst.

According to Rangga, the overall trend for rupiah remains positive.

Reza Priyambada of Binaartha Sekuritas said that with a relatively flat domestic sentiment, investors look for a positive catalyst in foreign news.

According to Reza, rupiah will not fall too low as the US dollars appreciation has been halted by the Feds unclear intentions to increase its benchmark rate.

The Central Statistics Agency (BPS) will announce Mays inflation rate next week.

Bank Indonesias inflation forecast indicates it may accelerate to 4.31 percent in May from 4.17 percent in April, still within the central banks 3-5 percent target for this year.

Source : Jakarta Globe May 27, 2017

Bank note current rate:
  currency buy sell
GBP 17,150 17,340
AUD 10,475 10,560
HKD 1,652 1,707
USD 13,215 13,325
MYR 3,050 3,125
CAD 10,450 10,625
SGD 9,675 9,790
EURO 15,425 15,550
SFR 13,875 14,085
YEN 119 120.15
NZD 9,750 9,920
THB 386 406
NT 418 446
WON 11.08 12.10
DKK 1,977 2,090
SEK 1,542 1,620
BND 9,625 9,790
NOK 1,578 1,655
SAR 3,402 3,555
PHP 245 262
RMB 1,887 1,970
INR 159 207
RUB 178 225
AED 3,498 3,630
   Last Updated :24 Jul 2017 - 05:05 PM
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