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Rupiah Gains as BI Hints Another 7DRR Hike

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Editor

6 September 2018 19:00 WIB

TEMPO.CO, Jakarta - The rupiah managed to end trade with a slight gain of 45bps or 0.3 percent today, September 6. As of this afternoon, the rupiah closed at 14,893 per US dollar.

The rupiah also opened today's currency trade with a gain of 63 bps to 14,875 per US dollar.

Read: Rupiah Predicted to Bounce Back as Imports Get Curbed

Despite the small margin, the rupiah's gain was the highest in Asia today. Analysts said this was due to Bank Indonesia's (BI) signal that they will increase the 7-day reverse repo rate (7DRR) again. Another contributing factor was the MSCI Emerging Markets Currency index that climbed for the first time this week.

On Wednesday, BI governor Perry Warjiyo said the central bank would take preemptive measures to curb the rupiah depreciation. 

Bisnis.com

Rupiah exchange rateBank Indonesia


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