Jakarta, CNBC Indonesia- Treasury and Global Market Head Sales Bank Mega, Donny Lukito is optimistic about the stability of the Rupiah amidst global financial market turmoil.
However, Donny said that the movement of the Garuda currency will be influenced by a number of sentiments ranging from the policy direction of the Fed to Bank Indonesia.
It is hoped that a number of instruments such as Bank Indonesia foreign currency securities (SVBI) and Bank Indonesia foreign currency sukuk (SUVBI) issued by Bank Indonesia will stabilize the rupiah exchange rate. It is currently projected that the Rupiah will move in the range of IDR 15,450 to IDR 15,800 per US Dollar.
What is the direction of the Rupiah’s movement? What is the impact of the Central Bank’s policy direction on the banking business? For further details, see Syarifah Rahma’s dialogue with Treasury and Global Market Head Sales PT Bank Mega Tbk (MEGA)Donny Lukito in Power Lunch,CNBCIndonesia (Wednesday, 11/22/2023)