BI Lowers Benchmark Interest Rate, Rupiah Strengthens at Week's End
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Bank Indonesia's (BI) decision to cut its benchmark 7-Day Reverse Repo Rate (7 DRRR) by 25 basis points to 5.75% has strengthened the rupiah. The rupiah strengthened by 0.14% against the US dollar to Rp 13,960 in Thursday's (July 18th) spot market trading.
The rupiah's strengthening continued on Friday (July 19th), appreciating by 0.18% to Rp 13,935 per US dollar. Over the week, the rupiah strengthened by 0.496%.
(See Databoks: [Rupiah Exchange Rate Approaches its Lowest Level This Year](https://databoks.katadata.co.id/datapublish/2019/05/09/nilai-tukar-rupiah-mendekati-level-terendahnya-tahun-ini))
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