Back To Weak, This Rupiah Breaks Rp14.410 / USD
Stocks and Forex
Back To Weak, This Rupiah Breaks Rp14.410 / USD
JAKARTA
The exchange rate of Rupiah against US Dollar (US) again weakened and penetrate the level of Rp14.400-an per USD. This becomes a warning for policy makers to keep the rupiah down.
Launched Bloomberg Dollar Index on Tuesday (3/7/2018) at 08:54 pm, the rupiah on spot exchange trading fell 7 points or 0.05% to the level of Rp14.397 per USD. The rupiah today moves in the range of Rp14.397 per USD-Rp14.397 per USD.
Just as information, the US dollar exchange rate rose slightly against other major currencies at the end of trading Monday (Tuesday morning GMT), after the economic data out of the country positive.
Earlier, Head of the Fiscal Policy Office (BKF) Finance Ministry Suahasil Nazara said the government will continue to be wary of the movement of the rupiah against the US Dollar (USD). In addition, the government is also preparing several policies to keep the rupiah exchange rate from continuing to weaken.
The policy of Bank Indonesia (BI), for example, which some time ago took a step by raising its reference interest rate by 50 basis points, so that the current BI reference interest rate becomes 5.25%.
"So this movement, we are constantly aware of everything but we do, the authority to do policy, BI has taken the policy," he said when met at the Parliament Building, Jakarta,
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