06:19 Video: Is There Still a Risk to the Rupiah, Are Forex Flows in Banking Safe? My Money – 2 hours ago

Jakarta, CNBC Indonesia- Bank Mega’s VP Treasury Global Market, Dharma Setiawan, assesses that there is a risk of the Rupiah weakening again as US inflation remains high, which means the prospect of the Fed Funds Rate (FFR) increasing again is still open.

This Rupiah risk causes banking customers’ foreign exchange flows to become tighter, although on the other hand, this condition will provide benefits for exporter customers. Apart from that, the weakening of the Rupiah will also have an impact on trading in securities and government bonds.

Apart from that, the impact of the Middle East war could also impact commodity price volatility which would have an effect on the exchange rate.

How does the market see BI’s ammunition to protect the Rupiah and encourage foreign exchange flows into the country? For complete details, see Anneke Wijaya’s dialogue with Vice President of Treasury Global Market Bank Mega, Dharma Setiawan and FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus at Power Lunch,CNBCIndonesia (Friday, 03/11/2023)

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