Rupiah Loses 163pts at Noon Tuesday
13 October 2015 15:26 WIB
TEMPO.CO, Jakarta-The rupiah took a low dip on Tuesday's trade, October 13, losing 163 points or 1.22 percent to close midday session at Rp13,571 per US dollar. Throughout the day, the rupiah has been moving between Rp13,471 to Rp13,638 per US$ dollar.
Reza Priyambada, chief researcher at NH Korindo Securities Indonesia, urged market participants to be aware of sudden reversal following the high gain a few days earlier. Even if the rupiah appreciates today, he said, the gain range would be limited.
From Monday last week until October 12, the rupiah was on a speed climb, appreciating by 7.55 percent.
This morning, the rupiah opened trade with a 63-point (0.47 percent) drop to Rp13,471 per US dollar. The exchange rate continued to weaken, and by the end of the first session the rupiah was traded for 13,544 per US dollar, being corrected by 136 bps (1.01 percent).
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