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Sri Mulyani`s Return Gives Positive Rebound to Rupiah

Translator

Editor

29 July 2016 09:46 WIB

TEMPO/Imam Sukamto

TEMPO.CO, Jakarta - Sri Mulyani's return as Finance Minister has caused a positive rebound on Rupiah, which sit a Rp13,090 per US Dolar yesterday.

Head of Research Department at the NH Korindo Securities, Reza Priyambada, said that market optimism towards Sri Mulyani is the main drive of the positive run of Rupiah.

Moreover, he said that Dollar slowdown has played a part in RUpiah rebound.

"Rupiah is expected to be at around Rp13,090 US Dollar, and resistant at Rp13,073 per US Dollar," said Reza Priyambada.

Meanwhile, the Federal Open Market Committee (FOMC) has maintained its interest rate to be at 0.25-0.5 percent on July. But the sentiment has failed to help boost Dollar on the market. US Dollar has remained flat against Euro, Australian Dollar, and Pounds.

DESTRIANITA


Rupiah exchange rate


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