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The rupiah interbank trade rate increased by 20 basis points to Rp 13,350 per dollar in the first trading session on Tuesday from Rp 13,370 in the previous trading session. Mandiri Securitas chief economist Aldian Taloputra said that BI had revised several regulations on foreign exchange transactions with the aim of giving protection to companies that are able to prevent the rupiah from falling further.
The revised laws were BI Regulation No. 16/16/2014 on foreign exchange transactions between banks and domestic parties, Regulation No. 16/17/2014 on foreign exchange transactions between banks and foreign institutions and Regulation No. 5/13/2003 on banks' net foreign exchange position. The revision of the regulation has been effective as of June 1.
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