Rupiah Slightly Falls to Rp13,657

Ade Hapsari Lestarini    •    Senin, 23 Nov 2015 09:52 WIB
Rupiah Slightly Falls to Rp13,657
Illustration (Photo: MI/Panca Syurkani), Jakarta: Rupiah slightly fell this morning moving around Rp13,600/USD. Quoting Bloomberg, Monday (11/23/2015), Rupiah opened at Rp13,657 compared with Rp13,623 recorded in yesterday's closing.

Rupiah then continued to weaken 59 points or 0.43 percent to Rp13,682. It moved in the range of Rp13,643-Rp13,682 with year-to-date return 9.97 percent.

Meanwhile, according to Yahoo Finance data, Rupiah was at Rp13,685. It fluctuated and fell 23 points or 0.17 percent to Rp13,670 USD. 

Samuel Sekuritas Analyst Rangga Cipta said Rupiah's movement against United States (US) Dollar predicted would be limited.

Rupiah once recorded significant rise on Friday (11/20/2015) in line with the lowering of US Dollar in Asian market and the rise of Jakarta Composite Index (JCI) and government bonds (Surat Utang Negara/SUN)

"Although there is possibility of Fed rate rise, released US data showed the rise will be limited and gradual in next several months," said Rangga Cipta.

According to him, on going foreign capital outflow responded to the potential of Fed rate rise will open room for Rupiah's weakening in the future.


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