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Wednesday, January 9, 2013

The rupiah against the U.S. dollar on Thursday morning rose 75 points to Rp9.715 per dollar, from its previous position Rp9.790 per dollar.

Indonesian rupiah picture by wikipedia




The rupiah against the U.S. dollar on Thursday morning rose 75 points to Rp9.715 per dollar, from its previous position Rp9.790 per dollar.



According to economist Samuel Securities, Lana Soelistianigsih, trigger actions such as strengthening of the rupiah Bank Indonesia (BI) to perform maintenance to continue to attract money supply through Open Market Operations (OMO).

"It is estimated exchange rate of the rupiah can be Rp9.600 per dollar level," he said.

He added that the international reserves position in December is still quite safe, reaching 122.8 billion U.S. dollars, also supports the strengthening of the rupiah against the U.S. dollar.

Trust Securities analyst, Reza Priyambada, said most of the money market tend to wait and see what happens before the Board of Governors of Bank Indonesia.

They want to know the perceptions of BI on economic forecasts, the trade balance and the current account of Indonesia.

The money market, he said, waiting for the decision on interest rates Bank Deposit Facility Bank Indonesia (Fasbi) to reduce the weakening rupiah and anticipate inflationary pressures as well as the meeting of policy makers at the European Central Bank

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