!-- Javascript Ad Tag: 6454 -->

Wednesday, January 8, 2014

The rupiah moved down so Rp12.215 per U.S. dollar



The rupiah moved down so Rp12.215 per U.S. dollar


The rupiah in Jakarta interbank transactions moving down from Rp12.205 per U.S. dollar became Rp12.215 per U.S. dollar on Thursday morning , ahead of the Board of Governors of Bank Indonesia ( BI ) .

" Toward the Meeting of the Board of Governors of Bank Indonesia rupiah stable moves , market participants and economists indicate that the benchmark interest rates rise , fixed at the level of 7.5 percent , " said the Head of Research of the Trust Securities , Reza Priyambada .

He said the benchmark interest rate ( BI rate ) may not rise because of domestic economic data is still good , Indonesia's trade balance recorded a surplus , inflation remains under control , and increasing foreign exchange reserves .

Reza estimates , the rupiah will still be bounded because market players are still looking at how aggressive the U.S. central bank ( The Federal Reserve ) conduct financial stimulus reduction .

"The rupiah will be limited , market participants await the process of tapering the Fed , " he said .

Bank Money Market Analyst Arya Wisnubroto Rully also estimated , the exchange rate is stable against the U.S. dollar move although overshadowed by foreign capital outflow from Indonesia .

" Dollar still be stable in the medium term at the level of Rp12.050 - Rp12.300 per U.S. dollar , " he said .

He hoped that the response of market participants are still positive on the economic data of the Central Statistics Agency ( BPS ) can withstand the pressure on the rupiah .

No comments:

Post a Comment