Jakarta, CNBC Indonesia- The Rupiah exchange rate was observed to weaken in trading at 12:00 WIB, Monday (16/10) and was corrected by 0.22% to the level of Rp. 15,715 per US Dollar.

Bank Mega’s Treasury & Global Market Head Sales, Donny Lukito sees the weakening of the exchange rate as more due to external factors related to the Fed’s benchmark interest rate which remains high, but banks are optimistic that BI will still be able to maintain the stability level of the Rupiah.

Meanwhile, for the multi-finance sector, the weakening of the Rupiah was mentioned by the Head of the Hub Sector. Government II APPI, Ristiawan Suherman will have an impact on the price of units financed, especially new financing.

What is the impact of the weakening Rupiah on banks and finance companies? For further details, see Anneke Wijaya’s dialogue with Treasury & Global Market Head Sales PT Bank Mega Tbk (MEGA), Donny Lukito and Head of Hub Division. Government II Association of Indonesian Financing Companies (APPI), Ristiawan Suherman at Power Lunch,CNBCIndonesia (Monday, 16/10/2023)