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Finance Minister Sri Mulyani Indrawati stated that Rupiah's appreciation against the US dollar has not had an impact on revenue in the state budget.
Indonesia's rupiah closed down seven points to Rp13,680 against USD before the release of Indonesia's balance of trade.
The rupiah weakened against the US dollar owing to the escalation of the United States-Iran conflict.
On Wednesday's trade, December 18, the rupiah closed up 9bps or 0.06 percent to trade for Rp13,988 per US dollar.
After weakening against the US dollar on Monday, the rupiah rebounded today.
The Indonesian rupiah continued to depreciate against the US dollar in the Jakarta interbank market, Tuesday evening.
Finance Minister Sri Mulyani Indrawati expected the situation and political stability in Indonesia to recover soon following the protests by students.
The rupiah exchange rate weakened this morning, August 15, ahead of the trade balance release for July's performance.
The rupiah was traded for 14,344 per US dollar at the spot market on Tuesday morning.
Rupiah has strengthened today after it was transacted to levels below Rp14,000 per U.S. Dollar after the meeting between Jokowi and Prabowo.
The Rupiah exchange rate traded between banks in Jakarta on Tuesday afternoon weakened.
Rupiah is predicted to projected against the US dollar this week, supported by positive internal or domestic sentiments as well as external factors.
The rupiah is expected to strengthen ahead of the Constitutional Court or MK verdict today, June 27.
The rupiah also plummeted on May 22, when mass protests that led to riots happened in Jakarta.
The rupiah is expected to fall this morning and trade between 14,300 and 14,700 per US dollar.
Bank Indonesia said trend of the rupiah weakening against the US dollar s a temporary symptom due to the uncertainty in the global financial market.
The rupiah opened today's spot trading strong following a smooth voting process yesterday.
The rupiah's interbank rate in Jakarta closed down today following the IMF's correction over the global economic outlook.
The increasing amount of foreign exchange (forex) reserves could not help the rupiah gain, despite the US dollar index's depreciation.
Bank Indonesia (BI) assures that Indonesia will be safe from the global economic slowdown, and the crises in Turkey and Argentina.