Rupiah Nearly Touched 18,200 per US Dollar, BI Reveals Cause of Crack
9 Articles
9 Articles
Bank Indonesia (BI) revealed a number of factors that drove the rupiah to weaken against the US dollar.
JPNN.com, JAKARTA - The rupiah exchange rate against the US dollar closed lower at Rp. 18,184 in trading on Wednesday (28/10).
The rupiah weakened 1.15 percent month-on-month, with the JISDOR rate reaching Rp18,183 per US dollar. Bank Indonesia (BI) cited the Middle East conflict and MSCI sentiment as factors weighing on the rupiah.
BI revealed factors that put pressure on the rupiah exchange rate, including uncertainty over the Middle East conflict and expectations of a US interest rate hike.
Bank Indonesia (BI) said that the movement of the rupiah and the region's currency on Wednesday (28/10) was still influenced by the uncertainty of the settlement of the Eastern conflict...
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