Rupiah tumbles 51 points to close at Rp14,120 over weekend
The Indonesian rupiah tumbled 51 points to close at Rp14,120 per US dollar in the Jakarta inter-bank market over the weekend, fueled by the return of market expectations that the Fed would raise its interest rate.

Monex Investindo Futures analyst Dini Nurhadi Yasyi said on Friday the rupiah`s depreciation was still influenced by external sentiments, particularly uncertainty over the US-China trade talks and the strengthening of the dollar index.

"After the US GDP released overnight is good, market expectations of the (Fed) rate hike have increasingly become stronger, at least it will be raised once (this year)," he said.

The sentiments related to the Fed monetary policy are very sensitive for developing nations, including Indonesia, he said.

In the past week, the rupiah was still unable to hit the level of below Rp13,900, the strongest level since the rupiah sharply depreciated to up to Rp15,000 per dollar last year.

On the domestic side, there is no strong catalyst to boost the rupiah to further increase.

"Our controllable inflation is also unable to become a strong catalyst," he said.

The rupiah weakened at Rp14,101 per dollar in the opening trade. Throughout the day, the rupiah stayed in the range of Rp14,101 to Rp14,130 per dollar.

According to Bank Indonesia`s mid rate on Friday, the rupiah fell to Rp14,111 per dollar compared to Rp14,062 per dollar earlier.

Source :

Mar 02, 2019

Bank note current rate:
  currency buy sell
USD 15,700 0
AUD 10,350 0
HKD 1,875 0
SGD 11,550 0
MYR 3,200 0
CAD 11,325 0
GBP 20,400 0
EURO 17,150 0
SFR 17,675 0
YEN 98 0
NZD 9,250 0
THB 350 0
NT 375 0
WON 9 0
DKK 1,925 0
SEK 1,200 0
BND 11,050 0
NOK 1,175 0
SAR 3,700 0
PHP 200 0
RMB 2,050 0
INR 125 0
RUB 85 0
AED 3,750 0
VND 0.42 0
   Last Updated :20 Jul 2024 - 10:12 AM
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