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Rupiah, JCI slips in morning session
The rupiah interbank trade rate in Jakarta depreciated by 15 basis points to Rp 12,170 per US dollar on Tuesday morning
Change Size
The rupiah interbank trade rate in Jakarta depreciated by 15 basis points to Rp 12,170 per US dollar on Tuesday morning.
"The rupiah continued its depreciation this morning following negative
sentiments in the Asian market due to the protests in Hong Kong," Woori
Korindo Securities Indonesia analyst Reza Priyambada said as quoted by Antara
news agency.
He said that the rupiah had come under more pressure since US economic data
showed that country's GDP in the second quarter of the year had risen by 4.6
percent.
"Such a situation has encouraged investors to enter the US market,"
he said.
In addition to that, a lack of positive sentiment in the domestic market
prevented the rupiah from making improvements in the morning trade.
Similar to the domestic currency, the Jakarta Composite Index (JCI) opened on a
negative note at 9 a.m on Tuesday, weakening by 0.51 percent to 5,115.81.
Shares in the blue-chip companies listed on the Indonesia Stock Exchange (IDX)
dropped by 0.67 percent to 869,02. (nfo)
