KONTAN.CO.ID - JAKARTA. Import costs can be a stumbling block for the rupiah. One of them comes from the increase in world oil prices. The West Texas Intermediate (WTI) oil price for the April 2019 delivery contract at the NY York Mercantile Exchange (NYMEX) rose 0.35 percent at USD 59.30 per barrel. Quoting Bloomberg on Tuesday (3/19) the rupiah closed up slightly by 0.05% at Rp. 14,232 per US dollar. According to the central exchange rate of Bank Indonesia (BI), the rupiah strengthened 0.09% to Rp. 14,228 per US dollar. Monex Investindo Futures analyst Faisyal said, rising oil prices caused a limited rupiah appreciation.
In the long run, the rupiah can be corrected
KONTAN.CO.ID - JAKARTA. Import costs can be a stumbling block for the rupiah. One of them comes from the increase in world oil prices. The West Texas Intermediate (WTI) oil price for the April 2019 delivery contract at the NY York Mercantile Exchange (NYMEX) rose 0.35 percent at USD 59.30 per barrel. Quoting Bloomberg on Tuesday (3/19) the rupiah closed up slightly by 0.05% at Rp. 14,232 per US dollar. According to the central exchange rate of Bank Indonesia (BI), the rupiah strengthened 0.09% to Rp. 14,228 per US dollar. Monex Investindo Futures analyst Faisyal said, rising oil prices caused a limited rupiah appreciation.