TEMPO.CO, Jakarta - The rupiah exchange rate continues to strengthen until this afternoon. At 11:23 p.m. Jakarta time, the rupiah gained 9.0 points or 0.06 percent to trade for Rp13,986 per US dollar.
Meanwhile, the US dollar index was corrected by 0.06 percent to 90.387.
Yusuf Rendy Manilet, an economist at the Center of Reform on Economics (CORE) Indonesia, had predicted that the rupiah will reverse a limited correction today. He said that one of the contributing factors to the rupiah's depreciation was the decline in January's real sales index.
Yusuf estimated that the rupiah will be traded between Rp14,000 and Rp14,050 per US dollar today.