Friday Morning, Rupiah Strengthens to IDR13,325 per US Dollar
Rupiah was trading stronger by 14 points from IDR13,339 to IDR13,325 per US dollar in Jakarta inter-bank market, Friday (9/22/2017) morning.

Rupiahs positive movement was following the Feds policy to maintain its benchmark interest rate, Binaartha Sekuritas analyst, Reza Priyambada, said (9/22/2017), Friday in Jakarta.

However, the strengthening of the rupiah is relatively limited following the Feds hawkish statement of interest rate increase at the end of this year, Priyambada said.

In addition, the Fed will also conduct bond reduction program, causing the US dollars supply in the market to be reduced, he added.

He expects that Indonesia, which has investment grade ratings from three international rating agencies, namely Moodys, Fitchs and Standard and Poors (S & P), can maintain the performance of domestic bonds.

It is expected that the investment grade rating sentiment can maintain investors optimism towards Indonesia so that the rupiah rate may continue appreciation, he said.

Lana Soelistianingsih, economist from Samuel Aset Manajemen, added that the results of the Fed meeting on September 20, decided the Fed Fund Rate (FFR) remained at 1.25-1.5 percent but signaling would soon reduce its balance position starting next October by USD4,5 billion.

In addition to reducing its balance sheet, the Fed is expected to still raise the fund rates once again in 2017. The Fed governor signals the US economy will continue to strengthen, she added.

Source : Netral English

Sept 23, 2017

Bank note current rate:
  currency buy sell
USD 15,975 0
AUD 10,500 0
HKD 1,925 0
SGD 11,700 0
MYR 3,100 0
CAD 11,500 0
GBP 20,325 0
EURO 17,175 0
SFR 18,050 0
YEN 100.25 0
NZD 9,650 0
THB 350 0
NT 375 0
WON 9 0
DKK 1,925 0
SEK 1,250 0
BND 11,050 0
NOK 1,225 0
SAR 3,700 0
PHP 200 0
RMB 2,100 0
INR 125 0
RUB 85 0
AED 3,750 0
VND 0.43 0
   Last Updated :19 Jun 2024 - 03:42 PM
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