Rupiah Strengthens on Friday on Back of Market Optimism on Global Economy Improvements

Friday, 10-September-2021 17:00

illustration: rupiah
Image : special
illustration: rupiah

JAKARTA, NETRALNEWS.COM - Rupiah exchange rate at the inter-bank level in Jakarta has strengthened on Friday on the back of the market players' optimism for improvements in the global economy.

The Indonesian currency was closed rising 50 points or 0.35 percent to IDR14,203 per US dollar, as compared to the position of IDR14,253 per US dollar at the previous trade closing.

"We see from a global perspective that concerns over the spreading of the COVID-19 Delta variant are starting to subside, and in the US, the daily spread of COVID-19 has begun to decline. Thus, risk-on sentiment has returned to color the global market today," said Bank Mandiri money market analyst Rully Arya in Jakarta, on Friday (09/10/2021).

Rully said that from within the country, the level of confidence in the rupiah exchange rate is still relatively high.

"This is in line with various accommodative policies that continue to be carried out by Bank Indonesia, the Indonesian Government, and the OJK (Financial Services Authority)," said Rully.

Regarding the pandemic, the number of daily COVID-19 cases on Thursday (09/09/2021) increased by 5,990 cases, bringing the total number of confirmed cases of COVID-19 to 4.15 million cases.

Meanwhile, the number of deaths due to exposure to COVID-19 reached 334 cases, bringing the total to 138,116 cases.

In addition, the number of recovered cases rose by 10,650 cases, bringing the total recovered patients to 3.89 million cases. Thus, the total active cases of COVID-19 reached 127,829 cases.

For vaccination, the number of people who have been injected with the first dose of vaccine has reached 70.32 million people, and 40.36 million people have received the second dose of vaccine, from the target of 208 million people who were vaccinated.

The rupiah opened lower in the morning to IDR14,263 per US dollar. Throughout the day, the rupiah moved in the range of IDR14,203 to IDR14,275 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (JISDOR) exchange rate on Friday strengthened to IDR14,225 per US dollar compared to the previous day's position of IDR14,272 per US dollar.

Reporter : turkhan
Editor : turkhan