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The rupiah exchange rate continues to strengthen until this afternoon.
Bank Indonesia (BI) issued a statement on news suggesting that several Indonesian markets have been trading using non-rupiah currencies.
Bank Indonesia (BI) Governor Perry Warjiyo said the central bank will keep its low interest rate policy next year.
The rupiah is keeping last month's uptrend when it managed to climb 0.67 percent on average from September.
Rupiah is predicted by analyst to have a strong trade rate against the US dollar throughout November 2020.
Bank Indonesia Governor says the monetary authorities are able to keep the rupiah stable until the year-end.
The rupiah exchange rate for this week is predicted to strengthen, as the market is shrouded with concerns about the economic recovery in the US.
An improvement in the US economic data applied pressure on the Indonesian rupiah traded at the Jakarta interbank market on Wednesday morning.
The Rupiah Is predicted to start weak during the opening of trade on Monday, August 3, 2020.
The rupiah's interbank transaction rate on Monday, June 22, was corrected by fears of a second wave of Covid-19 pandemic.
Permata Bank economist Josua Pardede predicts Bank Indonesia (BI) will cut the 7-day repo rate or BI7DRR by 25bps to 4.25 percent.
The government must cancel its plan to pour bailout funds into state-owned enterprises (SOEs).
The Rupiah is predicted to reach a level of IDR 14,650 per US Dollar with a resistance level of IDR 14,730 after Eid Al-Fitr.
The rupiah interbank rate in Jakarta fell on Thursday, May 14, following a speech by the US Federal Reserve's governor Jerome Powell.
The increase in Rupiah exchange rate was attributed to news concerning more relaxed social distancing rules in the US and some European countries.
Bank Indonesia decided that it will keep interest rates at the current levels, causing Rupiah to fell 15 bps to trade for IDR 15,645 per US Dollar.
The rupiah's Jakarta interbank spot rate on Friday, April 3, rebounded slightly along with the increased global price of oil.
Bank Indonesia (BI) governor Perry Warjiyo said that the capital outflow recorded since Covid-19 hits Indonesia has reached Rp167.9 trillion.
The rupiah's interbank exchange rate in Jakarta plunged on Friday noon, March 20. At 11:21, rupiah fell 0.79 percent to trade for Rp16,038 per USD.
Jokowi asks Bank Indonesia to focus its efforts in maintaining the stability of rupiah in the midst of financial turmoil caused by the Covid-19.