Live Schedule
Bisnis.comJakarta – The Rupiah Token exchange rate is against the US dollar today, Tuesday (22/10/2024) which is expected to change but will close lower in the range of Rp 15,490-15,580 after the president Subianto game establishing levels of Red and White cabinet ministers for the period 2024-2029.
In Monday trading (21/10), the rupiah closed down 0.15% or 22.5 points to Rp 15,503.5 per dollar. At the same time, dollar index It was seen to strengthen 0.13% to 103.62.
The weakening of the rupiah occurred in the midst of the inauguration of ministerial ranks by the President of Indonesia, Prabowo Subianto. The director of PT Laba Forexindo Berjangka Ibrahim Assuaibi said that the names of the old ministerial departments were still scattered around, especially in the economic team.
Some say the Red and White Cabinet still smells like Joko Widodo (Jokowi). Party representatives, professionals and supporters were also there for the Prabowo-Gibran victory.
But what is certain, continued Ibrahim, is that the number of cabinet members named by Prabowo are fat and tend to be fat. In fact, the number of Red and White Cabinets is the largest in Asia Pacific, and may be the largest in the world. In fact, the average number of ministers in Asia Pacific countries is only 22 ministers.
“The market predicts that many ministers or deputy ministers may not live long or will be reshuffled for up to five years,” Ibrahim said in a written statement on Monday (21/10/ 2024).
The movement of the rupiah, in addition to Ibrahim, is also influenced by foreign factors, namely the chances of the US presidential candidate from the Republican Party. Donald Trump returns to the White House appear to be increasing.
Additionally, the Middle East conflict remained in greater focus over the weekend as Israel continued its attacks Hamas and Hezbollah, in Gaza and Lebanon respectively.
Then, the People’s Bank of China (PBoC) cut its benchmark lending rate slightly higher than expected. Beijing has also over the past month rolled out the most aggressive round of stimulus measures.
With the sentiments mentioned above, Ibrahim projects that the rupiah currency in today’s trade is expected to fluctuate but has the potential to close lower in the range of IDR 15,490-IDR 15,580 per dollar than SA.
13:15 WIB
The Rupiah is increasingly under pressure
The Rupiah was increasingly under pressure, weakening 0.46% or 71 points to Rp 15,574.5 per US dollar at 13.15 WIB.
Meanwhile, the US dollar index weakened 0.09% to 103.92.
11:34 WIB
Rupiah weakens 0.35%
At 11.34 WIB, the rupiah weakened 0.35% or 54 points to Rp 15,557 per US dollar.
Meanwhile, the US dollar index weakened 0.05% to 103.96.
09:08 WIB
The Rupiah opened lower
The Rupiah weakened by 0.38% or 58.5 points to Rp 15,562 per US dollar at 09.08 WIB.
Meanwhile, the US dollar index weakened 0.08% to 103.93.
2024-10-22 06:16:00
#Rupiah #exchange #rate #dollar #today #Tuesday #October
