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    The rupiah weakened amid the worsening of the Covid-19 pandemic

    HarianUmmat.com
    , Selasa, Desember 01, 2020 WIB Last Updated 2020-12-02T02:36:35Z
    The rupiah weakened amid the worsening of the Covid-19 pandemic

    UMMAT DAILY ■ The rupiah exchange rate (exchange rate) transacted between banks in Jakarta on Monday, 30 November 2020 afternoon was closed lower as the number of Covid-19 cases increased.

    The rupiah closed down 30 points or 0.21 percent at Rp. 14,120 per US dollar compared to the previous day at Rp. 14,090 per US dollar.

    "Indeed, negative sentiment arose from the worsening pandemic in many countries," said Bank Mandiri money market analyst Rully Arya Wisnubroto in Jakarta, Monday.

    A survey by the European Commission showed Eurozone economic sentiment fell in November, for the first time in seven months due to the second wave of Covid-19 that hit the European continent.

    A survey by the European Commission showed Eurozone economic sentiment fell in November, for the first time in seven months as a result of the second wave of Covid-19 hitting the European continent.

    In Indonesia, based on data from the Covid-19 Handling Task Force, the increase in the number of positive cases as of 29 November 2020 broke a record of 6,267 cases so that the cumulative number of positive patients in Indonesia reached 534,266 people.

    Meanwhile, the number of recovered patients also increased to 3,810 with total cases recovered to 445,793 people. There were 169 cases of death with a cumulative total of 16,815 people.

    "The worsening of this pandemic has become the dominant sentiment today," Rully said as quoted from Antara.

    The rupiah opened higher in the morning to Rp 14,070 per US dollar. During the day, the rupiah moved in the range of Rp. 14,070 per US dollar to Rp. 14,137 per US dollar.

    Meanwhile, Bank Indonesia's middle rate on Monday showed that the rupiah strengthened to Rp 14,128 per US dollar compared to the previous day's position of Rp 14,145 per US dollar.
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