Rupiah weakens to the level Rp 14,200, This Sriid Sriyani

JAKARTA, KOMPAS.com – The rupee against the US dollar Thursday (28/6/2018) fell to its lowest level since early 2018, reaching a level of Rp 14,200.

Based on the reference rate of the Interbank Interbank Rate of Jakarta (JISDOR) today, the rupiah exchange rate was recorded at Rp 14,271.

"For monetary policy, the Governor (Bank Indonesia) has delivered several times and we continue to work together outdoor scaleWe will improve, even if it will only have an impact in the medium and long term, "said Sri Mulyani in response to the weakening of the rupee at a meeting at the meeting. Ministry of Finance Thursday afternoon.

According to Sri Mulyani, the weakening of the rupiah is the result of market sentiment as well as fundamental factors. With respect to relative factors, such as policy changes in the United States until the strengthening of the US dollar, mitigation measures will be taken by the institutions and ministries concerned.

"So, if it still reflects the fundamental and economic strength that does not move away from positive factors, we see this as a normal adjustment," said Sri Mulyani.

Indonesian Bank Governor Perry Warjiyo said he would discuss the possibility of raising the decision-making rate at the monthly meeting of the Board of Governors on June 28-29, 2018.

The policy was taken one of them to deal with the strengthening of the US dollar as well as in order to stabilize the exchange rate of the rupee.

The previous benchmark interest rate was raised by 25 basis points (bps) on the monthly RGD on May 16 and 17. The benchmark interest rate was raised to another RDG on May 30 at 25 basis points, so that the 7-day repo rate for BI is now 4.75%.