The Rupiah Drops By The US Dollar, Becoming To Rp. 14,610

PojokNasional. The exchange rate of the United States dollar (US) against the rupiah this morning experienced a strengthening. The US dollar is at the level of Rp. 14,610.
Citing Reuters trade data on Tuesday, the US dollar was at its highest level of Rp. 14,615 and its lowest level was Rp. 14,560.

The strengthening of the US dollar against the rupiah has continued to occur lately. Not only the rupiah, other developing country currencies were also affected by the strengthening of the US dollar.
Head of Research at Samuel Asset Management Lana Soelistianingsih said Bank Indonesia (BI) needed to intervene so that the rupiah exchange rate would not fall back. Moreover, currently foreign exchange reserves have increased by US $ 20 billion from the previous month.

"BI needs to intervene so that the rupiah strengthens. Moreover, our foreign exchange reserves have increased from yesterday's release,"
Lana explained, the intervention was carried out so that the rupiah did not reach a limit above Rp. 14,800. Because, this number is considered as a turning point towards Rp. 15,000.

"So the position of intervention must be able to restrain not at Rp. 14,800. Therefore, the key to pass the resistance point can return to Rp. 15,000," he said.


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