Indonesia Composite Index, Rupiah Open Strong in Early Trade on Hope of Covid-19 Vaccine

On the other hand, the market is still monitoring the rise of Covid-19 transmission as it will slow down economic recovery. Moreover, the market is also concerned with the World Health Organization report on the highest increase in global transmission in 24 hours by more than 230,000.

"The issue of Covid-19 transmission could put pressure on risk assets including the rupiah," he said.

He projected that the exchange rate of rupiah today could touch 14,350 rupiahs to 14,500 rupiahs per US dollar.

(Writer : Kiki Safitri | Editor : Erlangga Djumena)

Source: Kompas.com https://money.kompas.com/read/2020/07/13/094539726/awali-pekan-ihsg-dan-rupiah-bangkit.