maaf email atau password anda salah
As we enter the last week of Ramadan fasting month, the Rupiah is trending stronger, hovering around the Rp13,300 per US dollar level, even with the second US Federal Reserve's 25 basis points rate hike. Meanwhile, Jakarta's Composite Index (JCI) has also risen and now is fluctuating around the 5,700 level. All this is due to the rising inflow of foreign funds, partly a result of the country's recent rating upgrade to investment category by Standard & Poor's. This explains Bank Indonesia's (BI) subsequent response of keeping its benchmark 7-day repo rate at 4.75 percent.
High political tension in the last two weeks have not brought any ill tidings to Indonesian financial markets. Investors seem unaffected by the unrest on the future of the country's diversity, which is fundamental to its existence and unity. Amidst this tension, S&P Global Ratings raised Indonesia's credit rating into investment grade of BBB-. In the last 40 minutes of trading last friday, share price soared by 2,59 percent.
Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.