Rupiah Weakens to Rp13,700/USD

Ade Hapsari Lestarini    •    21 Oktober 2015 15:30 WIB
Rupiah Weakens to Rp13,700/USD
Employees of BNI bank, an Indonesian state-owned bank, prepare rupiah banknotes for their ATMs and branch offices in Jakarta on April 1, 2015. (Foto: AFP / BAY ISMOYO), Jakarta: Rupiah trade value on US dollar was spotted lower at the morning trade opening.

Rupiah on Wednesday morning (10/21/2015) was opened weaker at the position of Rp13,721 per USD. Quoting Bloomberg data, rupiah rose again in a short while to 26.40 points, or equal to 0.19 percent to Rp13,685 per USD.

The range of rupiah movement this morning was spotted at the level of Rp13,683 to Rp13,723 per USD. If compared to the previous movement at Rp13,683 per USD, rupiah was definitely weaker.

Meanwhile, based on Yahoo Finance data, rupiah strengthened and landed at the position of Rp13,504 per USD. However, it weakened by 196.5 points, or equal to 1.45 percent, at the position of Rp13,703 per USD.

The analyst of Samuel Sekuritas, Rangga Cipta, said in his research that rupiah has a stronger chance today, with the weakening dollar index earlier this morning although the volatility prior to the FOMC meeting emerged.

"Rupiah weakened sharply yesterday, as following the dollar in Asia. It needs to be reminded that the external factor succeeded in carrying sharp correction on the rupiah weakening trend previously," he elaborated.


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